AstroNova (NASDAQ:ALOT) Stock Passes Below 200-Day Moving Average – Here’s What Happened

AstroNova, Inc. (NASDAQ:ALOT)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.70 and traded as low as $9.36. AstroNova shares last traded at $9.41, with a volume of 5,801 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of AstroNova in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

AstroNova Trading Down 2.0%

The firm has a market cap of $71.89 million, a PE ratio of -4.22 and a beta of 0.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.82 and a quick ratio of 0.71. The business has a 50-day moving average price of $8.39 and a two-hundred day moving average price of $9.70.

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

Institutional Investors Weigh In On AstroNova

A number of large investors have recently bought and sold shares of the stock. Susquehanna International Group LLP acquired a new position in shares of AstroNova in the third quarter worth $143,000. Diamond Hill Capital Management Inc. increased its position in AstroNova by 10.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 140,739 shares of the business services provider’s stock worth $1,441,000 after purchasing an additional 12,992 shares in the last quarter. Jane Street Group LLC acquired a new position in AstroNova in the 2nd quarter valued at about $140,000. Vanguard Group Inc. raised its stake in AstroNova by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 352,131 shares of the business services provider’s stock valued at $3,606,000 after purchasing an additional 9,533 shares during the last quarter. Finally, Peapod Lane Capital LLC lifted its holdings in AstroNova by 6.1% in the 3rd quarter. Peapod Lane Capital LLC now owns 130,361 shares of the business services provider’s stock valued at $1,335,000 after purchasing an additional 7,517 shares in the last quarter. Institutional investors and hedge funds own 43.02% of the company’s stock.

About AstroNova

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.