AstroNova (NASDAQ:ALOT) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Shares of AstroNova, Inc. (NASDAQ:ALOT - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.13 and traded as high as $11.64. AstroNova shares last traded at $11.30, with a volume of 3,391 shares trading hands.

Wall Street Analysts Forecast Growth

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

AstroNova Stock Performance

The company has a market capitalization of $86.87 million, a P/E ratio of -5.37 and a beta of 0.75. The firm has a 50 day moving average price of $10.05 and a two-hundred day moving average price of $10.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.61 and a current ratio of 1.67.

AstroNova (NASDAQ:ALOT - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The business services provider reported $0.05 earnings per share for the quarter. AstroNova had a positive return on equity of 2.21% and a negative net margin of 10.28%. The company had revenue of $37.71 million for the quarter.

Insider Buying and Selling

In other AstroNova news, Director Mitchell I. Quain purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were acquired at an average cost of $9.05 per share, for a total transaction of $90,500.00. Following the transaction, the director directly owned 97,719 shares in the company, valued at approximately $884,356.95. The trade was a 11.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 17.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Bridgeway Capital Management LLC lifted its stake in shares of AstroNova by 7.0% in 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 period. Northern Trust Corp increased its position in shares of AstroNova by 14.6% in the 4th 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 in the last quarter. Geode Capital Management LLC increased its position in shares of AstroNova by 1.8% in the 4th 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 in the last quarter. Diamond Hill Capital Management Inc. increased its position 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 in the last quarter. Finally, Mink Brook Asset Management LLC bought a new stake in shares of AstroNova in the 4th quarter valued at $4,507,000. Institutional investors and hedge funds own 43.02% of the company's stock.

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).