AstroNova, Inc. (NASDAQ:ALOT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.27 and traded as high as $12.40. AstroNova shares last traded at $12.14, with a volume of 13,717 shares traded.
Wall Street Analyst Weigh In
Separately, Wall Street Zen assumed coverage on AstroNova in a research note on Tuesday, May 20th. They set a "buy" rating on the stock.
Get Our Latest Analysis on AstroNova
AstroNova Stock Down 2.7%
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 business has a 50 day simple moving average of $9.32 and a 200 day simple moving average of $10.22. The company has a market capitalization of $92.23 million, a price-to-earnings ratio of -5.70 and a beta of 0.75.
AstroNova (NASDAQ:ALOT - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The business services provider reported $0.05 earnings per share for the quarter. The business had revenue of $37.71 million for the quarter. AstroNova had a positive return on equity of 2.21% and a negative net margin of 10.28%.
Insider Buying and Selling at AstroNova
In other AstroNova news, Director Mitchell I. Quain bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were purchased at an average price of $9.05 per share, with a total value 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard S. Warzala bought 20,000 shares of the company's stock in a transaction that occurred on Thursday, April 17th. The stock was acquired at an average cost of $8.07 per share, for a total transaction of $161,400.00. Following the acquisition, the director directly owned 60,385 shares of the company's stock, valued at $487,306.95. The trade was a 49.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 18.80% of the company's stock.
Hedge Funds Weigh In On AstroNova
Several large investors have recently bought and sold shares of the business. Diamond Hill Capital Management Inc. boosted its stake in AstroNova by 22.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider's stock valued at $1,003,000 after acquiring an additional 15,544 shares in the last quarter. Geode Capital Management LLC boosted its stake in AstroNova by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider's stock valued at $847,000 after acquiring an additional 1,226 shares in the last quarter. Northern Trust Corp boosted its stake in AstroNova by 14.6% in the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider's stock valued at $785,000 after acquiring an additional 8,314 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in AstroNova by 7.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider's stock valued at $472,000 after acquiring an additional 2,574 shares in the last quarter. Finally, Mink Brook Asset Management LLC acquired a new position in AstroNova in the fourth quarter valued at $4,507,000. Hedge funds and other institutional investors own 43.02% of the company's stock.
About AstroNova
(
Get Free Report)
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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