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

Equities research analysts at StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOT - Get Free Report) in a note issued to investors on Tuesday. The firm set a "buy" rating on the business services provider's stock.

AstroNova Price Performance

AstroNova stock opened at $9.01 on Tuesday. The stock has a market capitalization of $68.25 million, a price-to-earnings ratio of 18.02 and a beta of 0.64. AstroNova has a 52-week low of $7.53 and a 52-week high of $18.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.83. The stock's 50 day moving average price is $8.93 and its two-hundred day moving average price is $11.40.

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

Insider Activity at AstroNova

In other AstroNova news, Director Richard S. Warzala purchased 20,000 shares of the firm's stock in a transaction on Thursday, April 17th. The stock was acquired at an average price of $8.07 per share, for a total transaction of $161,400.00. Following the purchase, the director now owns 60,385 shares of the company's stock, valued at $487,306.95. This trade represents a 49.52% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 17.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ALOT. Geode Capital Management LLC increased its position in shares of AstroNova by 1.8% during the fourth 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. Bridgeway Capital Management LLC boosted its stake 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 purchasing an additional 2,574 shares during the last quarter. Northern Trust Corp increased 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 worth $785,000 after purchasing an additional 8,314 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of AstroNova by 15.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 96,063 shares of the business services provider's stock worth $883,000 after purchasing an additional 12,519 shares during the last quarter. Finally, Peapod Lane Capital LLC purchased a new stake in shares of AstroNova in the fourth quarter worth approximately $1,536,000. 43.02% of the stock is 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).

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