AstroNova (NASDAQ:ALOT) Share Price Passes Below 200-Day Moving Average - Here's Why

Key Points

• AstroNova's stock price has dipped below its 200-day moving average for the first time, trading at $9.84 compared to the average of $10.00.
• The company currently holds a "Sell" rating from Wall Street analysts, with a negative earnings report reflected by a price-to-earnings ratio of -4.37.
• Institutional investors own approximately 43.02% of AstroNova's stock, indicating significant interest from large investment firms.

AstroNova, Inc. (NASDAQ:ALOT - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.00 and traded as low as $9.47. AstroNova shares last traded at $9.84, with a volume of 13,517 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of AstroNova in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of "Sell".

AstroNova Trading Up 0.9%

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 1.71. The business has a 50-day simple moving average of $10.54 and a two-hundred day simple moving average of $10.00. The stock has a market cap of $75.18 million, a price-to-earnings ratio of -4.37 and a beta of 0.90.

AstroNova (NASDAQ:ALOT - Get Free Report) last released its quarterly earnings results on Friday, April 22nd. The business services provider reported $0.12 earnings per share for the quarter. The firm had revenue of $29.44 million during the quarter. AstroNova had a positive return on equity of 1.09% and a negative net margin of 11.20%.

Institutional Investors Weigh In On AstroNova

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in shares of AstroNova in the 2nd quarter valued at approximately $140,000. Geode Capital Management LLC boosted its holdings in shares of AstroNova by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider's stock valued at $859,000 after buying an additional 1,036 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of AstroNova by 15.0% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 96,063 shares of the business services provider's stock valued at $883,000 after buying an additional 12,519 shares during the last quarter. Finally, Mink Brook Asset Management LLC boosted its holdings in shares of AstroNova by 1.1% in the 2nd quarter. Mink Brook Asset Management LLC now owns 379,361 shares of the business services provider's stock valued at $4,397,000 after buying an additional 3,955 shares during the last quarter. Institutional investors and hedge funds 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).

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