AstroNova (NASDAQ:ALOT) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of AstroNova (NASDAQ:ALOT) in a note issued to investors on Thursday. The firm set a “buy” rating on the business services provider’s stock.

AstroNova Stock Down 1.0 %

Shares of NASDAQ:ALOT opened at $8.81 on Thursday. The business has a fifty day moving average price of $10.40 and a two-hundred day moving average price of $12.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 0.77. The company has a market capitalization of $66.33 million, a PE ratio of 17.62 and a beta of 0.49. AstroNova has a 1 year low of $8.33 and a 1 year high of $18.25.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Mink Brook Asset Management LLC purchased a new stake in shares of AstroNova during the 4th quarter valued at $4,507,000. Bridgeway Capital Management LLC raised its holdings in shares of AstroNova by 7.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock valued at $472,000 after buying an additional 2,574 shares in the last quarter. Northern Trust Corp lifted its position in AstroNova by 14.6% in the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock worth $785,000 after buying an additional 8,314 shares during the last quarter. Geode Capital Management LLC boosted its stake in AstroNova by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock worth $847,000 after buying an additional 1,226 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its position in AstroNova by 22.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider’s stock valued at $1,003,000 after acquiring an additional 15,544 shares during the last quarter. 43.02% of the stock is owned by institutional investors.

About AstroNova

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).