AstroNova (NASDAQ:ALOT) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of AstroNova (NASDAQ:ALOT - Free Report) in a report released on Saturday. The brokerage issued a buy rating on the business services provider's stock.

AstroNova Stock Performance

Shares of NASDAQ:ALOT traded up $0.36 during trading on Friday, reaching $8.67. The stock had a trading volume of 22,224 shares, compared to its average volume of 13,711. The stock has a fifty day simple moving average of $9.31 and a two-hundred day simple moving average of $11.84. The company has a quick ratio of 0.77, a current ratio of 1.83 and a debt-to-equity ratio of 0.23. AstroNova has a 52 week low of $7.53 and a 52 week high of $18.25. The firm has a market capitalization of $65.68 million, a price-to-earnings ratio of 17.34 and a beta of 0.49.

AstroNova (NASDAQ:ALOT - Get Free Report) last posted 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 business had revenue of $37.36 million for the quarter.

Insider Activity at AstroNova

In other AstroNova news, Director Richard S. Warzala purchased 20,000 shares of the business's stock in a transaction dated Thursday, April 17th. The stock was bought at an average cost of $8.07 per share, for a total transaction of $161,400.00. Following the completion of the acquisition, the director now directly owns 60,385 shares in the company, valued at $487,306.95. This represents a 49.52 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 17.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AstroNova

A number of institutional investors and hedge funds have recently bought and sold shares of ALOT. Bridgeway Capital Management LLC grew its position in AstroNova by 7.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider's stock worth $472,000 after purchasing an additional 2,574 shares during the last quarter. Northern Trust Corp lifted its stake in shares of AstroNova by 14.6% in the fourth 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 during the period. Geode Capital Management LLC grew its position in AstroNova by 10.5% during the third quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider's stock worth $933,000 after buying an additional 6,592 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake 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 period. Finally, Peapod Lane Capital LLC acquired a new position in AstroNova in the 4th quarter valued at approximately $1,536,000. Institutional investors own 43.02% of the company's stock.

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).