AstroNova (NASDAQ:ALOT) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of AstroNova (NASDAQ:ALOTGet Rating) in a research note issued on Thursday. The firm set a “strong-buy” rating on the business services provider’s stock.

Separately, Zacks Investment Research upgraded AstroNova from a “sell” rating to a “hold” rating in a research report on Wednesday, February 2nd.

Shares of ALOT stock opened at $13.00 on Thursday. The stock’s 50 day simple moving average is $14.26 and its 200 day simple moving average is $14.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.46 and a current ratio of 3.18. AstroNova has a twelve month low of $11.80 and a twelve month high of $18.52. The company has a market capitalization of $95.10 million, a price-to-earnings ratio of 14.77 and a beta of 0.75.

AstroNova (NASDAQ:ALOTGet Rating) last released its earnings results on Thursday, April 14th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.11). AstroNova had a net margin of 5.47% and a return on equity of 1.14%. During the same period last year, the business posted $0.12 earnings per share.

Hedge funds have recently modified their holdings of the business. Morgan Stanley grew its position in shares of AstroNova by 39.8% in the 2nd quarter. Morgan Stanley now owns 6,152 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 1,750 shares during the period. BlackRock Inc. boosted its holdings in AstroNova by 24.0% in the 3rd quarter. BlackRock Inc. now owns 81,651 shares of the business services provider’s stock valued at $1,229,000 after purchasing an additional 15,813 shares during the period. Diamond Hill Capital Management Inc. raised its position in shares of AstroNova by 49.4% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 26,776 shares of the business services provider’s stock valued at $361,000 after buying an additional 8,858 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in AstroNova during the 1st quarter worth approximately $167,000. Hedge funds and other institutional investors own 47.19% of the company’s stock.

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 through two segments, Product Identification (PI) and Test & Measurement (T&M).

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