Astrotech (NASDAQ:ASTC) Announces Earnings Results

Astrotech (NASDAQ:ASTC) issued its earnings results on Friday. The aerospace company reported ($1.46) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $0.27 million for the quarter. Astrotech had a negative net margin of 1,578.34% and a negative return on equity of 91.69%.

Astrotech Trading Down 1.4%

Shares of Astrotech stock traded down $0.06 on Friday, reaching $4.20. The stock had a trading volume of 10,059 shares, compared to its average volume of 1,825,315. Astrotech has a 1 year low of $1.91 and a 1 year high of $68.85. The company has a market cap of $8.86 million, a P/E ratio of -0.49 and a beta of 5.24. The business’s 50 day moving average is $6.00 and its two-hundred day moving average is $7.25.

Institutional Trading of Astrotech

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Astrotech during the 2nd quarter worth approximately $220,000. SCS Capital Management LLC purchased a new stake in Astrotech in the 2nd quarter worth approximately $120,000. Finally, J. Safra Sarasin Holding AG bought a new position in Astrotech in the 1st quarter valued at $140,000. Institutional investors own 24.35% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on ASTC shares. Wall Street Zen raised Astrotech from a “strong sell” rating to a “sell” rating in a report on Saturday, October 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Astrotech in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has a consensus rating of “Sell”.

Astrotech Company Profile

Astrotech Corporation is a technology development and commercialization company headquartered in Austin, Texas. The company focuses on mass spectrometry and related analytical technologies designed to identify and measure chemical compounds in applications including security, agriculture, industrial processing and human health. Astrotech operates through subsidiaries that develop specialized products. 1st Detect Corporation develops portable mass spectrometers for detecting and identifying trace chemicals, including explosives and other hazardous substances.