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

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

AstroNova Stock Performance

Shares of ALOT opened at $8.14 on Friday. AstroNova has a 52 week low of $7.53 and a 52 week high of $18.25. The company has a quick ratio of 0.77, a current ratio of 1.83 and a debt-to-equity ratio of 0.23. The stock has a market cap of $61.66 million, a price-to-earnings ratio of 16.28 and a beta of 0.49. The business has a 50-day simple moving average of $9.57 and a two-hundred day simple moving average of $12.01.

AstroNova (NASDAQ:ALOT) last released its earnings results on Monday, April 14th. The business services provider reported $0.06 earnings per share (EPS) for the quarter. AstroNova had a net margin of 2.49% and a return on equity of 5.21%. The company had revenue of $37.36 million during the quarter.

Insider Buying and Selling at AstroNova

In related news, Director Richard S. Warzala acquired 20,000 shares of AstroNova stock in a transaction dated Thursday, April 17th. The shares were purchased at an average price of $8.07 per share, for a total transaction of $161,400.00. Following the completion of the transaction, the director now directly owns 60,385 shares in the company, valued at approximately $487,306.95. This represents a 49.52 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 17.70% of the company’s stock.

Institutional Trading of AstroNova

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