AstroNova (NASDAQ:ALOT) Downgraded to Hold at ValuEngine

ValuEngine cut shares of AstroNova (NASDAQ:ALOT) from a buy rating to a hold rating in a research note published on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of AstroNova from a strong sell rating to a hold rating in a research note on Tuesday, August 6th.

Shares of NASDAQ ALOT opened at $22.54 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 1.30. The company has a market cap of $155.58 million, a P/E ratio of 23.87, a PEG ratio of 2.06 and a beta of 0.24. AstroNova has a 1 year low of $16.74 and a 1 year high of $27.96. The firm has a 50-day simple moving average of $24.26 and a two-hundred day simple moving average of $23.38.

AstroNova (NASDAQ:ALOT) last announced its quarterly earnings data on Wednesday, June 5th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $36.18 million during the quarter. AstroNova had a net margin of 4.68% and a return on equity of 9.75%. As a group, equities research analysts expect that AstroNova will post 0.9 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in shares of AstroNova by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 566,023 shares of the business services provider’s stock worth $10,613,000 after acquiring an additional 7,917 shares during the period. Geode Capital Management LLC grew its holdings in shares of AstroNova by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 46,934 shares of the business services provider’s stock worth $880,000 after acquiring an additional 930 shares during the period. Quantum Capital Management grew its holdings in shares of AstroNova by 13.9% in the first quarter. Quantum Capital Management now owns 61,939 shares of the business services provider’s stock worth $1,263,000 after acquiring an additional 7,579 shares during the period. Royce & Associates LP grew its holdings in shares of AstroNova by 1.4% in the first quarter. Royce & Associates LP now owns 93,400 shares of the business services provider’s stock worth $1,904,000 after acquiring an additional 1,300 shares during the period. Finally, Punch & Associates Investment Management Inc. grew its holdings in shares of AstroNova by 7.5% in the first quarter. Punch & Associates Investment Management Inc. now owns 414,720 shares of the business services provider’s stock worth $8,456,000 after acquiring an additional 28,760 shares during the period. 59.84% of the stock is owned by institutional investors and hedge funds.

AstroNova Company Profile

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

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