AstroNova (NASDAQ:ALOT) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of AstroNova (NASDAQ:ALOT) in a report released on Friday. The firm issued a buy rating on the business services provider’s stock.

AstroNova Price Performance

ALOT opened at $11.49 on Friday. The firm has a market cap of $86.52 million, a price-to-earnings ratio of 22.98 and a beta of 0.66. AstroNova has a fifty-two week low of $11.00 and a fifty-two week high of $18.25. The company’s 50-day moving average price is $12.12 and its 200 day moving average price is $13.52. The company has a quick ratio of 0.77, a current ratio of 1.83 and a debt-to-equity ratio of 0.23.

AstroNova (NASDAQ:ALOT) last released its quarterly earnings data on Thursday, December 12th. The business services provider reported $0.06 earnings per share for the quarter. AstroNova had a net margin of 2.49% and a return on equity of 5.21%.

Institutional Investors Weigh In On AstroNova

Institutional investors and hedge funds have recently bought and sold shares of the business. Bridgeway Capital Management LLC raised its stake in AstroNova by 7.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock worth $472,000 after acquiring an additional 2,574 shares during the period. Northern Trust Corp increased its stake in shares of AstroNova by 14.6% in the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock valued at $785,000 after purchasing an additional 8,314 shares during the period. Geode Capital Management LLC increased its stake in shares of AstroNova by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock valued at $847,000 after purchasing an additional 1,226 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of AstroNova by 23.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock valued at $915,000 after purchasing an additional 13,000 shares during the period. Finally, Peapod Lane Capital LLC acquired a new stake in shares of AstroNova in the fourth quarter valued at approximately $1,536,000. Institutional investors and hedge funds own 43.02% of the company’s stock.

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).