AstroNova (NASDAQ:ALOT) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• AstroNova's share price crossed above its 200-day moving average, reaching a high of $10.14, indicating potential upward momentum for the stock.
• Wall Street Zen issued a "buy" rating for AstroNova, suggesting positive sentiment among analysts regarding the company's performance.
• The company's recent quarterly earnings showed a negative EPS of $0.04 and a negative net margin of 11.20%, although it posted revenue of $36.10 million.

AstroNova, Inc. (NASDAQ:ALOT - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.97 and traded as high as $10.14. AstroNova shares last traded at $10.14, with a volume of 1,409 shares traded.

AstroNova Stock Down 1.7%

The company has a market capitalization of $76.55 million, a PE ratio of -4.45 and a beta of 0.84. The company has a quick ratio of 0.61, a current ratio of 1.71 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average of $11.07 and a two-hundred day moving average of $9.96.

AstroNova (NASDAQ:ALOT - Get Free Report) last issued its quarterly earnings data on Tuesday, September 9th. The business services provider reported ($0.04) earnings per share for the quarter. The business had revenue of $36.10 million during the quarter. AstroNova had a positive return on equity of 1.09% and a negative net margin of 11.20%. AstroNova has set its FY 2026 guidance at EPS.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Mink Brook Asset Management LLC grew its position in AstroNova by 1.1% in the second quarter. Mink Brook Asset Management LLC now owns 379,361 shares of the business services provider's stock worth $4,397,000 after acquiring an additional 3,955 shares during the period. Diamond Hill Capital Management Inc. boosted its position in shares of AstroNova by 15.0% during the first quarter. Diamond Hill Capital Management Inc. now owns 96,063 shares of the business services provider's stock worth $883,000 after buying an additional 12,519 shares during the period. Geode Capital Management LLC boosted its position in shares of AstroNova by 1.4% during the second quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider's stock worth $859,000 after buying an additional 1,036 shares during the period. Northern Trust Corp boosted its position in shares of AstroNova by 14.6% during the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider's stock worth $785,000 after buying an additional 8,314 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of AstroNova during the second quarter worth $140,000. 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).