Astrotech (NASDAQ:ASTC) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Astrotech (NASDAQ:ASTCGet Rating) in a report released on Tuesday. The brokerage set a “sell” rating on the aerospace company’s stock.

Astrotech stock opened at $0.60 on Tuesday. The business’s 50-day moving average price is $0.69 and its two-hundred day moving average price is $0.77. Astrotech has a 12-month low of $0.60 and a 12-month high of $1.40.

Astrotech (NASDAQ:ASTCGet Rating) last posted its quarterly earnings data on Friday, February 11th. The aerospace company reported ($0.05) earnings per share for the quarter. The business had revenue of $0.56 million during the quarter. Astrotech had a negative return on equity of 15.64% and a negative net margin of 994.95%.

A number of institutional investors have recently bought and sold shares of ASTC. Citadel Advisors LLC acquired a new stake in Astrotech in the 3rd quarter valued at approximately $26,000. Morgan Stanley lifted its stake in shares of Astrotech by 878.7% during the first quarter. Morgan Stanley now owns 23,000 shares of the aerospace company’s stock valued at $50,000 after buying an additional 20,650 shares during the period. Two Sigma Securities LLC acquired a new position in shares of Astrotech in the 3rd quarter valued at $62,000. Renaissance Technologies LLC acquired a new position in shares of Astrotech during the 4th quarter valued at $300,000. Finally, Geode Capital Management LLC increased its stake in Astrotech by 29.9% during the 3rd quarter. Geode Capital Management LLC now owns 369,536 shares of the aerospace company’s stock worth $388,000 after buying an additional 85,087 shares during the period. Institutional investors own 6.17% of the company’s stock.

About Astrotech (Get Rating)

Astrotech Corp. engages in the provision of science and technology development and commercialization businesses. It operates through the following segments: 1st Detect Corporation and Astral Images Corporation. The 1st Detect Corporation segment refers to the development of TRACER for use at airports, secured facilities and borders worldwide.

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