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

StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOT) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the business services provider’s stock.

AstroNova Price Performance

NASDAQ:ALOT opened at $11.73 on Tuesday. The stock has a 50 day moving average price of $13.44 and a 200 day moving average price of $13.94. The stock has a market cap of $88.33 million, a PE ratio of 23.46 and a beta of 0.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.83. AstroNova has a one year low of $11.00 and a one year high of $18.25.

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

Institutional Trading of AstroNova

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of AstroNova by 10.5% during the third quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider’s stock worth $933,000 after purchasing an additional 6,592 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of AstroNova by 23.6% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock worth $915,000 after acquiring an additional 13,000 shares in the last quarter. Finally, Peapod Lane Capital LLC purchased a new position in shares of AstroNova in the 4th quarter valued at about $1,536,000. Hedge funds and other institutional investors own 43.02% of the company’s stock.

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).