AstroNova, Inc. (NASDAQ:ALOT) Sees Large Decrease in Short Interest

Posted by James Conley on Sep 2nd, 2024

AstroNova, Inc. (NASDAQ:ALOT – Get Free Report) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 4,900 shares, a drop of 10.9% from the July 31st total of 5,500 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 14,200 shares, the short-interest ratio is currently 0.3 days.

AstroNova Price Performance

NASDAQ:ALOT traded up $0.04 during mid-day trading on Monday, hitting $14.89. 3,800 shares of the company’s stock traded hands, compared to its average volume of 12,206. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.10 and a current ratio of 3.07. The firm’s 50 day simple moving average is $14.60 and its 200 day simple moving average is $16.37. AstroNova has a 1 year low of $11.79 and a 1 year high of $18.83. The company has a market cap of $111.82 million, a PE ratio of 22.56 and a beta of 0.61.

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

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on AstroNova

Institutional Investors Weigh In On AstroNova

A hedge fund recently raised its stake in AstroNova stock. Vanguard Group Inc. increased its stake in AstroNova, Inc. (NASDAQ:ALOT – Free Report) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 349,546 shares of the business services provider’s stock after acquiring an additional 2,700 shares during the period. Vanguard Group Inc. owned approximately 4.67% of AstroNova worth $6,229,000 as of its most recent SEC filing. 43.02% of the stock is currently owned by institutional investors and hedge funds.

About AstroNova

(Get Free Report)

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).