AstroNova (NASDAQ:ALOT) Shares Pass Below 200-Day Moving Average - Here's What Happened

AstroNova, Inc. (NASDAQ:ALOT - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.24 and traded as low as $9.02. AstroNova shares last traded at $9.02, with a volume of 6,426 shares traded.

Wall Street Analyst Weigh In

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

AstroNova Price Performance

The firm has a 50-day moving average price of $8.72 and a 200-day moving average price of $11.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.83. The stock has a market cap of $70.72 million, a P/E ratio of 18.62 and a beta of 0.64.

AstroNova (NASDAQ:ALOT - Get Free Report) last released its earnings results on Monday, April 14th. The business services provider reported $0.06 earnings per share for the quarter. The firm had revenue of $37.36 million for the quarter. AstroNova had a net margin of 2.49% and a return on equity of 5.21%.

Insiders Place Their Bets

In other news, Director Richard S. Warzala acquired 20,000 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The shares were bought at an average cost of $8.07 per share, with a total value of $161,400.00. Following the transaction, the director now owns 60,385 shares of the company's stock, valued at $487,306.95. This trade represents a 49.52% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 17.70% of the company's stock.

Institutional Trading of AstroNova

Institutional investors have recently bought and sold shares of the company. Diamond Hill Capital Management Inc. grew its holdings 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 valued at $883,000 after buying an additional 12,519 shares during the last quarter. Mink Brook Asset Management LLC purchased a new stake in AstroNova during the 4th quarter valued at $4,507,000. Bridgeway Capital Management LLC boosted its stake in AstroNova by 7.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider's stock valued at $472,000 after purchasing an additional 2,574 shares during the last quarter. 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 valued at $785,000 after buying an additional 8,314 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of AstroNova by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider's stock valued at $847,000 after buying an additional 1,226 shares during the last quarter. 43.02% of the stock is owned by hedge funds and other institutional investors.

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).