AstroNova (NASDAQ:ALOT) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Shares of AstroNova (NASDAQ: ALOT) crossed above its 200-day moving average, indicating potential upward momentum in the stock price with current trading at $10.88.
• Wall Street Zen has initiated coverage of AstroNova with a "buy" rating, suggesting positive outlook from analysts.
• Insider transactions revealed that Director Mitchell I. Quain purchased 10,000 shares at $9.05 each, increasing personal ownership by 11.40%, reflecting confidence in the company's prospects.

AstroNova, Inc. (NASDAQ:ALOT - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.04 and traded as high as $11.13. AstroNova shares last traded at $10.88, with a volume of 1,146 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on shares of AstroNova in a research report on Tuesday, May 20th. They issued a "buy" rating for the company.

AstroNova Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.67 and a quick ratio of 0.61. The firm has a market capitalization of $86.79 million, a price-to-earnings ratio of -5.36 and a beta of 0.81. The business's fifty day simple moving average is $11.15 and its 200 day simple moving average is $10.02.

AstroNova (NASDAQ:ALOT - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The business services provider reported $0.05 EPS for the quarter. The business had revenue of $37.71 million during the quarter. AstroNova had a negative net margin of 10.28% and a positive return on equity of 2.21%. AstroNova has set its FY 2026 guidance at EPS.

Insider Buying and Selling

In other AstroNova news, Director Mitchell I. Quain acquired 10,000 shares of AstroNova stock in a transaction dated Tuesday, June 17th. The stock was purchased at an average cost of $9.05 per share, for a total transaction of $90,500.00. Following the completion of the acquisition, the director directly owned 97,719 shares of the company's stock, valued at $884,356.95. This represents a 11.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 17.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings 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 valued at $859,000 after buying an additional 1,036 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of AstroNova by 7.0% during the fourth 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 during the last quarter. Mink Brook Asset Management LLC grew its holdings in shares of AstroNova by 1.1% during the second 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. Northern Trust Corp grew its holdings 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 valued at $785,000 after buying an additional 8,314 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of AstroNova during the second quarter valued at about $140,000. 43.02% of the stock is currently owned by institutional investors and hedge funds.

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).