AstroNova, Inc. (NASDAQ:ALOT) Sees Large Decrease in Short Interest

AstroNova, Inc. (NASDAQ:ALOT) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 8,060 shares, a decline of 19.1% from the December 15th total of 9,963 shares. Based on an average daily trading volume, of 20,983 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 20,983 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AstroNova in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, AstroNova presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On AstroNova

Large investors have recently modified their holdings of the stock. Mink Brook Asset Management LLC grew its position in AstroNova by 0.4% during the 3rd quarter. Mink Brook Asset Management LLC now owns 380,861 shares of the business services provider’s stock valued at $3,900,000 after purchasing an additional 1,500 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of AstroNova by 2.8% in the third quarter. Vanguard Group Inc. now owns 352,131 shares of the business services provider’s stock worth $3,606,000 after buying an additional 9,533 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its stake in shares of AstroNova by 10.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 140,739 shares of the business services provider’s stock worth $1,441,000 after buying an additional 12,992 shares in the last quarter. Peapod Lane Capital LLC grew its holdings in shares of AstroNova by 6.1% during the third quarter. Peapod Lane Capital LLC now owns 130,361 shares of the business services provider’s stock valued at $1,335,000 after buying an additional 7,517 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of AstroNova by 1.4% during the second quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider’s stock valued at $859,000 after acquiring an additional 1,036 shares in the last quarter. Hedge funds and other institutional investors own 43.02% of the company’s stock.

AstroNova Price Performance

Shares of NASDAQ ALOT opened at $9.57 on Monday. The company has a 50 day simple moving average of $8.31 and a two-hundred day simple moving average of $9.80. AstroNova has a fifty-two week low of $6.96 and a fifty-two week high of $12.80. The company has a market capitalization of $73.11 million, a price-to-earnings ratio of -4.29 and a beta of 0.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.71 and a current ratio of 1.82.

AstroNova (NASDAQ:ALOT) last posted its quarterly earnings results on Wednesday, December 10th. The business services provider reported $0.20 earnings per share for the quarter. AstroNova had a positive return on equity of 2.48% and a negative net margin of 11.20%.The company had revenue of $39.17 million for the quarter. During the same quarter in the previous year, the company earned $0.06 EPS.

AstroNova Company Profile

AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high‐speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission‐critical applications that require reliable data capture or product identification across complex supply chains.

Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.