AstroNova, Inc. (NASDAQ:ALOT) Short Interest Update

AstroNova, Inc. (NASDAQ:ALOT) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totalling 5,500 shares, a decrease of 44.4% from the July 15th total of 9,900 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 12,900 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AstroNova stock. O Shaughnessy Asset Management LLC acquired a new stake in shares of AstroNova, Inc. (NASDAQ:ALOT) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 11,543 shares of the business services provider’s stock, valued at approximately $206,000. O Shaughnessy Asset Management LLC owned approximately 0.15% of AstroNova as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 43.02% of the company’s stock.

AstroNova Trading Down 1.7 %

Shares of AstroNova stock traded down $0.24 on Friday, reaching $13.97. The company had a trading volume of 11,365 shares, compared to its average volume of 11,924. The firm has a market cap of $104.97 million, a price-to-earnings ratio of 21.17 and a beta of 0.61. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.07 and a quick ratio of 1.10. The firm’s 50-day moving average price is $14.90 and its two-hundred day moving average price is $16.60. AstroNova has a 1 year low of $11.79 and a 1 year high of $18.83.

AstroNova (NASDAQ:ALOT) last announced its earnings results on Thursday, June 6th. The business services provider reported $0.15 EPS for the quarter. AstroNova had a return on equity of 8.52% and a net margin of 3.45%. The firm had revenue of $32.96 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com raised AstroNova from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th.

About AstroNova

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Asia, Canada, Central and South America, and internationally. The company operates in two segments, Product Identification (PI) and Test & Measurement (T&M).