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

StockNews.com assumed coverage on shares of AstroNova (NASDAQ:ALOTGet Rating) in a research note issued to investors on Monday morning. The brokerage issued a strong-buy rating on the business services provider’s stock.

AstroNova Stock Performance

Shares of ALOT opened at $11.76 on Monday. AstroNova has a one year low of $10.97 and a one year high of $17.99. The stock has a 50-day moving average price of $11.87 and a 200 day moving average price of $12.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.15 and a current ratio of 3.00. The company has a market capitalization of $86.44 million, a P/E ratio of -588.00 and a beta of 0.68.

AstroNova (NASDAQ:ALOTGet Rating) last posted its quarterly earnings data on Wednesday, September 7th. The business services provider reported $0.08 earnings per share (EPS) for the quarter. AstroNova had a positive return on equity of 0.43% and a negative net margin of 0.14%. The company had revenue of $32.26 million for the quarter.

Institutional Investors Weigh In On AstroNova

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in AstroNova by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 543,927 shares of the business services provider’s stock worth $8,251,000 after purchasing an additional 3,388 shares during the last quarter. State Street Corp increased its holdings in shares of AstroNova by 15.9% in the 1st quarter. State Street Corp now owns 18,889 shares of the business services provider’s stock valued at $287,000 after acquiring an additional 2,589 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of AstroNova by 124.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,136 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 1,186 shares during the last quarter. Rutabaga Capital Management LLC MA increased its holdings in shares of AstroNova by 6.0% in the 3rd quarter. Rutabaga Capital Management LLC MA now owns 192,658 shares of the business services provider’s stock valued at $2,254,000 after acquiring an additional 10,935 shares during the last quarter. Finally, Grace & White Inc. NY increased its holdings in shares of AstroNova by 7.8% in the 3rd quarter. Grace & White Inc. NY now owns 146,659 shares of the business services provider’s stock valued at $1,716,000 after acquiring an additional 10,610 shares during the last quarter. 46.27% of the stock is currently owned by hedge funds and other institutional investors.

About AstroNova

(Get Rating)

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).

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