AstroNova (NASDAQ:ALOT) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of AstroNova (NASDAQ:ALOT) in a report issued on Saturday. The brokerage set a “buy” rating on the business services provider’s stock.

AstroNova Price Performance

Shares of NASDAQ:ALOT opened at $14.03 on Friday. The firm has a market cap of $104.10 million, a price-to-earnings ratio of 127.55 and a beta of 0.61. AstroNova has a 1 year low of $11.10 and a 1 year high of $17.21. The company has a current ratio of 2.15, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $14.35 and a 200 day simple moving average of $14.31.

AstroNova (NASDAQ:ALOT) last posted its quarterly earnings results on Thursday, June 8th. The business services provider reported $0.11 earnings per share for the quarter. The company had revenue of $35.42 million during the quarter. AstroNova had a return on equity of 4.93% and a net margin of 0.59%.

Institutional Investors Weigh In On AstroNova

A number of large investors have recently bought and sold shares of ALOT. Diamond Hill Capital Management Inc. boosted its stake in shares of AstroNova by 37.0% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 55,000 shares of the business services provider’s stock worth $775,000 after acquiring an additional 14,843 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in AstroNova by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 543,927 shares of the business services provider’s stock worth $8,251,000 after purchasing an additional 3,388 shares during the last quarter. Punch & Associates Investment Management Inc. grew its holdings in AstroNova by 0.3% during the first quarter. Punch & Associates Investment Management Inc. now owns 496,246 shares of the business services provider’s stock valued at $6,950,000 after purchasing an additional 1,621 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of AstroNova by 1.2% in the first quarter. Renaissance Technologies LLC now owns 106,542 shares of the business services provider’s stock valued at $1,492,000 after purchasing an additional 1,300 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of AstroNova by 3.3% in the second quarter. BlackRock Inc. now owns 74,791 shares of the business services provider’s stock worth $1,084,000 after buying an additional 2,402 shares during the last quarter. 44.22% of the stock is currently owned by institutional investors.

AstroNova Company Profile

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).