StockNews.com initiated coverage on shares of AstroNova (NASDAQ:ALOT - Free Report) in a research report sent to investors on Monday. The firm issued a buy rating on the business services provider's stock.
AstroNova Stock Up 0.9%
AstroNova stock traded up $0.08 during midday trading on Monday, reaching $9.10. The stock had a trading volume of 20,467 shares, compared to its average volume of 14,103. The company has a fifty day moving average price of $9.06 and a two-hundred day moving average price of $11.55. AstroNova has a 12 month low of $7.53 and a 12 month high of $18.25. The company has a current ratio of 1.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $68.93 million, a P/E ratio of 18.20 and a beta of 0.64.
AstroNova (NASDAQ:ALOT - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The business services provider reported $0.06 earnings per share for the quarter. The firm 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 Transactions at AstroNova
In other AstroNova news, Director Richard S. Warzala bought 20,000 shares of the business's 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 purchase, the director now directly owns 60,385 shares of the company's stock, valued at approximately $487,306.95. This represents a 49.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 17.70% of the company's stock.
Hedge Funds Weigh In On AstroNova
Several institutional investors have recently bought and sold shares of ALOT. Peapod Lane Capital LLC purchased a new stake in shares of AstroNova during the 4th quarter valued at approximately $1,536,000. Diamond Hill Capital Management Inc. grew its position in shares of AstroNova by 22.9% in 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 purchasing an additional 15,544 shares in the last quarter. Geode Capital Management LLC raised its stake 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 valued at $847,000 after purchasing an additional 1,226 shares during the period. Northern Trust Corp lifted 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. Finally, 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. Hedge funds and other institutional investors own 43.02% of the company's stock.
About AstroNova
(
Get Free Report)
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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