Short Interest in AstroNova, Inc. (NASDAQ:ALOT) Decreases By 6.3%

AstroNova, Inc. (NASDAQ:ALOT – Get Rating) saw a large decline in short interest during the month of December. As of December 30th, there was short interest totalling 10,400 shares, a decline of 6.3% from the December 15th total of 11,100 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 5,900 shares, the short-interest ratio is currently 1.8 days.

AstroNova Price Performance

Shares of NASDAQ:ALOT opened at $13.99 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.96 and a debt-to-equity ratio of 0.16. AstroNova has a fifty-two week low of $10.97 and a fifty-two week high of $15.98. The firm has a 50-day simple moving average of $12.35 and a 200 day simple moving average of $12.15. The company has a market cap of $102.83 million, a PE ratio of 174.90 and a beta of 0.60.

AstroNova (NASDAQ:ALOT – Get Rating) last announced its quarterly earnings data on Wednesday, December 7th. The business services provider reported $0.11 earnings per share for the quarter. AstroNova had a net margin of 0.41% and a return on equity of 1.33%. The business had revenue of $39.41 million during the quarter.

Institutional Investors Weigh In On AstroNova

A number of institutional investors have recently modified their holdings of the business. Rutabaga Capital Management LLC MA grew its position in shares of AstroNova by 0.6% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 181,723 shares of the business services provider’s stock valued at $2,177,000 after buying an additional 1,100 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in AstroNova by 124.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,136 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 1,186 shares during the period. State Street Corp boosted its stake in AstroNova by 13.4% during the 2nd quarter. State Street Corp now owns 21,413 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 2,524 shares during the period. Dimensional Fund Advisors LP boosted its stake in AstroNova by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 543,927 shares of the business services provider’s stock valued at $8,251,000 after purchasing an additional 3,388 shares during the period. Finally, Grace & White Inc. NY boosted its stake in AstroNova by 7.4% during the 2nd quarter. Grace & White Inc. NY now owns 136,049 shares of the business services provider’s stock valued at $1,630,000 after purchasing an additional 9,381 shares during the period. Institutional investors own 45.84% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of AstroNova in a research report on Tuesday. They issued a “strong-buy” rating for the company.

AstroNova Company Profile

(Get Rating)

AstroNova, Inc engages in the design, development, manufacture, and distribution of specialty printers and data acquisition and analysis systems. It operates through the Product Identification (PI) and Test and Measurement (T&M) segments. The PI segment offers digital label printers, over-printers, labeling software, spare parts, service contracts, and related printing supplies such as pressure sensitive labels, tags, inks, toners, and thermal transfer ribbons used in product identification digital printers.