Astrotech (NASDAQ:ASTC) Stock Price Crosses Above 200-Day Moving Average of $8.38

Astrotech Co. (NASDAQ:ASTC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.38 and traded as high as $9.20. Astrotech shares last traded at $9.07, with a volume of 3,773 shares changing hands.

Astrotech Price Performance

The stock has a market cap of $15.42 million, a price-to-earnings ratio of -1.44 and a beta of -0.20. The stock’s 50-day moving average is $8.85 and its 200 day moving average is $8.38.

Astrotech (NASDAQ:ASTC) last announced its quarterly earnings data on Monday, February 12th. The aerospace company reported ($1.62) EPS for the quarter. The firm had revenue of $1.12 million during the quarter. Astrotech had a negative net margin of 515.23% and a negative return on equity of 23.57%.

Institutional Investors Weigh In On Astrotech

A hedge fund recently raised its stake in Astrotech stock. Acuitas Investments LLC grew its stake in shares of Astrotech Co. (NASDAQ:ASTC) by 22.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,947 shares of the aerospace company’s stock after acquiring an additional 9,638 shares during the period. Acuitas Investments LLC owned about 3.15% of Astrotech worth $534,000 at the end of the most recent reporting period. 24.35% of the stock is currently owned by hedge funds and other institutional investors.

About Astrotech

Astrotech Corporation operates as a mass spectrometry company worldwide. It owns and licenses the intellectual property related to the Astrotech Mass Spectrometer Technology, a platform mass spectrometry technology. The company also develops TRACER 1000, a mass spectrometer-based explosive trace detector to replace the explosives trace detectors used at airports, cargo and other secured facilities, and borders.