AstroNova (NASDAQ:ALOT) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• AstroNova's share price has recently crossed above its 200-day moving average, with the stock trading as high as $11.81 before last closing at $11.68.
• Analysts from Wall Street Zen initiated coverage on AstroNova with a "buy" rating, indicating positive market sentiment.
• The company reported a negative net margin of 10.28% and a positive return on equity of 2.21%, showing challenges alongside some profitability metrics.

Shares of AstroNova, Inc. (NASDAQ:ALOT - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.03 and traded as high as $11.81. AstroNova shares last traded at $11.68, with a volume of 3,727 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on AstroNova in a research note on Tuesday, May 20th. They set a "buy" rating on the stock.

AstroNova Stock Down 6.0%

The company has a market cap of $82.12 million, a price-to-earnings ratio of -5.07 and a beta of 0.84. The company has a current ratio of 1.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average of $11.38 and a two-hundred day moving average of $10.00.

AstroNova (NASDAQ:ALOT - Get Free Report) last released its quarterly earnings results on Tuesday, September 9th. The business services provider reported ($0.04) earnings per share for the quarter. AstroNova had a positive return on equity of 2.21% and a negative net margin of 10.28%. AstroNova has set its FY 2026 guidance at EPS.

Insider Activity

In related news, Director Mitchell I. Quain purchased 10,000 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was acquired at an average cost of $9.05 per share, for a total transaction of $90,500.00. Following the completion of the transaction, the director directly owned 97,719 shares of the company's stock, valued at approximately $884,356.95. This trade represents a 11.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 18.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp grew its position in AstroNova by 14.6% in the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider's stock worth $785,000 after acquiring an additional 8,314 shares during the period. Diamond Hill Capital Management Inc. grew its position in 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 acquiring an additional 12,519 shares during the period. Mink Brook Asset Management LLC purchased a new position in AstroNova in the fourth quarter worth approximately $4,507,000. Bridgeway Capital Management LLC grew its position in AstroNova by 7.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider's stock worth $472,000 after acquiring an additional 2,574 shares during the period. Finally, Geode Capital Management LLC grew its position in AstroNova by 1.4% in the second quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider's stock worth $859,000 after acquiring an additional 1,036 shares during the period. 43.02% of the stock is currently owned by hedge funds and other institutional investors.

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).