AstroNova (NASDAQ:ALOT) Research Coverage Started at StockNews.com

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

AstroNova Stock Performance

AstroNova stock opened at $11.80 on Thursday. The stock has a market cap of $88.85 million, a P/E ratio of 23.60 and a beta of 0.66. The company has a current ratio of 1.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average of $12.50 and a 200-day moving average of $13.63. AstroNova has a 52 week low of $11.00 and a 52 week high of $18.25.

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

Hedge Funds Weigh In On AstroNova

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of AstroNova by 10.5% during the 3rd quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider’s stock valued at $933,000 after buying an additional 6,592 shares during the last quarter. Peapod Lane Capital LLC bought a new position in AstroNova during the fourth quarter worth $1,536,000. Diamond Hill Capital Management Inc. lifted its stake in AstroNova by 23.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock worth $915,000 after purchasing an additional 13,000 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in AstroNova by 14.6% during the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock worth $785,000 after purchasing an additional 8,314 shares during the last quarter. 43.02% of the stock is currently owned by hedge funds and other institutional investors.

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).