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

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

Separately, Zacks Investment Research raised shares of AstroNova from a “sell” rating to a “hold” rating in a research note on Wednesday, February 2nd.

NASDAQ:ALOT opened at $12.35 on Friday. The company has a current ratio of 3.18, a quick ratio of 1.46 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $13.99 and a two-hundred day moving average price of $14.59. AstroNova has a twelve month low of $11.80 and a twelve month high of $18.52. The company has a market capitalization of $90.38 million, a P/E ratio of 14.03 and a beta of 0.75.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALOT. BlackRock Inc. boosted its position in shares of AstroNova by 24.0% in the third quarter. BlackRock Inc. now owns 81,651 shares of the business services provider’s stock worth $1,229,000 after acquiring an additional 15,813 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of AstroNova by 50.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 40,157 shares of the business services provider’s stock worth $609,000 after acquiring an additional 13,381 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of AstroNova in the first quarter worth approximately $167,000. Finally, Morgan Stanley boosted its position in shares of AstroNova by 39.8% in the second quarter. Morgan Stanley now owns 6,152 shares of the business services provider’s stock worth $86,000 after acquiring an additional 1,750 shares during the last quarter. 47.19% of the stock is currently owned by institutional investors and hedge funds.

AstroNova Company Profile (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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