AstroNova (NASDAQ:ALOT) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• AstroNova shares surged above their 200-day moving average, trading as high as $28.65 and last changing hands at $28.62, well above the $13.98 long-term average.
• The company beat quarterly earnings and revenue expectations, reporting $0.19 EPS versus $0.05 expected and revenue of $39.36 million versus $30.67 million forecast.
• Sentiment appears mixed but improving, as Wall Street Zen upgraded AstroNova to “strong-buy” even though MarketBeat still shows an overall average rating of “Sell.”

AstroNova, Inc. (NASDAQ:ALOT - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.98 and traded as high as $28.65. AstroNova shares last traded at $28.62, with a volume of 104,915 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of AstroNova from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat, AstroNova currently has an average rating of "Sell".

AstroNova Stock Up 0.1%

The company has a market capitalization of $221.81 million, a price-to-earnings ratio of -158.99 and a beta of 0.86. The stock's fifty day simple moving average is $21.27 and its two-hundred day simple moving average is $13.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 0.73.

AstroNova (NASDAQ:ALOT - Get Free Report) last posted its quarterly earnings results on Monday, June 8th. The business services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.05 by $0.14. The business had revenue of $39.36 million during the quarter, compared to analyst estimates of $30.67 million. AstroNova had a negative net margin of 0.88% and a positive return on equity of 2.94%. During the same period in the previous year, the business posted ($0.05) EPS.

Institutional Trading of AstroNova

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in AstroNova by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider's stock valued at $859,000 after purchasing an additional 1,036 shares during the period. Jane Street Group LLC bought a new stake in AstroNova in the second quarter valued at $140,000. Vanguard Group Inc. boosted its holdings in shares of AstroNova by 2.8% during the third quarter. Vanguard Group Inc. now owns 352,131 shares of the business services provider's stock valued at $3,606,000 after acquiring an additional 9,533 shares during the period. Susquehanna International Group LLP acquired a new position in shares of AstroNova during the third quarter valued at $143,000. Finally, Renaissance Technologies LLC grew its position in shares of AstroNova by 1.2% during the fourth quarter. Renaissance Technologies LLC now owns 103,749 shares of the business services provider's stock worth $897,000 after acquiring an additional 1,207 shares during the last quarter. 43.02% of the stock is currently owned by institutional investors and hedge funds.

AstroNova Company Profile

AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high‐speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission‐critical applications that require reliable data capture or product identification across complex supply chains.

Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.

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