StockNews.com Initiates Coverage on AstroNova (NASDAQ:ALOT)

Research analysts at StockNews.com assumed coverage on shares of AstroNova (NASDAQ:ALOT) in a research note issued on Wednesday. The firm set a “buy” rating on the business services provider’s stock.

AstroNova Stock Down 0.1 %

Shares of ALOT stock opened at $11.16 on Wednesday. The firm has a fifty day moving average of $13.18 and a 200-day moving average of $13.84. 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 has a 12-month low of $11.00 and a 12-month high of $18.25. The company has a market capitalization of $84.03 million, a price-to-earnings ratio of 22.32 and a beta of 0.66.

AstroNova (NASDAQ:ALOT) last released its earnings results 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 Trading of AstroNova

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted 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 worth $933,000 after buying an additional 6,592 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position 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 acquiring an additional 13,000 shares during the period. Finally, Peapod Lane Capital LLC acquired a new position in shares of AstroNova in the fourth quarter valued at about $1,536,000. Institutional investors and hedge funds own 43.02% of the company’s stock.

AstroNova Company Profile

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).