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

AstroNova, Inc. (NASDAQ:ALOT - Get Free Report)'s share price passed 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 changing hands.

Analyst Upgrades and Downgrades

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

AstroNova Stock Performance

The company has a current ratio of 1.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.26. The stock's 50 day moving average price is $10.00 and its two-hundred day moving average price is $10.14. The firm has a market capitalization of $86.15 million, a PE ratio of -5.32 and a beta of 0.75.

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

Insider Transactions at AstroNova

In related news, Director Mitchell I. Quain purchased 10,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were bought at an average price of $9.05 per share, for a total transaction of $90,500.00. Following the acquisition, the director directly owned 97,719 shares in the company, valued at $884,356.95. This trade represents a 11.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 17.70% of the company's stock.

Hedge Funds Weigh In On AstroNova

A number of hedge funds have recently made changes to their positions in the stock. Diamond Hill Capital Management Inc. boosted its holdings 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 purchasing an additional 12,519 shares during the last quarter. Mink Brook Asset Management LLC purchased a new stake in AstroNova during the 4th quarter worth $4,507,000. Bridgeway Capital Management LLC increased 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 worth $472,000 after buying an additional 2,574 shares during the period. Northern Trust Corp increased its stake in AstroNova by 14.6% during the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider's stock worth $785,000 after buying an additional 8,314 shares during the period. Finally, Geode Capital Management LLC increased its stake in AstroNova by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider's stock worth $847,000 after buying an additional 1,226 shares during the period. Institutional investors and hedge funds own 43.02% of the company's stock.

About AstroNova

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).