AstroNova (NASDAQ:ALOT) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of AstroNova (NASDAQ:ALOT) from a hold rating to a sell rating in a research report released on Monday, Zacks.com reports.

According to Zacks, “AstroNova, Inc. provides data visualization technologies. The company designs, manufactures, distributes and services products which acquire, store, analyze and present data in multiple formats. The Product Identification segment offers hardware and software products and associated consumables. Test and Measurement segment includes suite of products and services which acquire and record electronic signal data from local and networked sensors. Its brand includes QuickLabel(R). AstroNova, Inc., formerly known as Astro-Med, Inc., is based in WEST WARWICK, United States. “

A number of other research analysts have also recently weighed in on ALOT. TheStreet cut AstroNova from a b- rating to a c+ rating in a research report on Tuesday, October 29th. ValuEngine upgraded shares of AstroNova from a hold rating to a buy rating in a research report on Wednesday, August 28th.

Shares of NASDAQ:ALOT opened at $14.06 on Monday. The firm has a market capitalization of $99.68 million, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 2.22 and a beta of 0.33. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.42 and a quick ratio of 1.05. The business’s 50 day simple moving average is $15.65 and its 200-day simple moving average is $20.07. AstroNova has a 12 month low of $13.75 and a 12 month high of $27.96.

AstroNova (NASDAQ:ALOT) last released its quarterly earnings data on Wednesday, December 4th. The business services provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.11). The firm had revenue of $33.32 million during the quarter. AstroNova had a net margin of 3.86% and a return on equity of 7.70%. On average, equities analysts anticipate that AstroNova will post 0.53 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Thursday, December 19th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Wednesday, December 18th. AstroNova’s dividend payout ratio (DPR) is presently 34.15%.

In other AstroNova news, Director Richard S. Warzala purchased 2,000 shares of the stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of $16.53 per share, for a total transaction of $33,060.00. Following the completion of the transaction, the director now directly owns 9,496 shares of the company’s stock, valued at $156,968.88. The purchase was disclosed in a filing with the SEC, which is available at this link. 7.80% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in AstroNova by 1,426.7% during the 2nd quarter. BlackRock Inc. now owns 407,199 shares of the business services provider’s stock valued at $10,521,000 after buying an additional 380,527 shares during the last quarter. Vanguard Group Inc. increased its position in AstroNova by 14.7% during the 2nd quarter. Vanguard Group Inc. now owns 342,913 shares of the business services provider’s stock worth $8,861,000 after purchasing an additional 43,926 shares in the last quarter. Renaissance Technologies LLC raised its stake in AstroNova by 16.2% in the 2nd quarter. Renaissance Technologies LLC now owns 257,176 shares of the business services provider’s stock valued at $6,645,000 after purchasing an additional 35,926 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in AstroNova by 19.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 130,405 shares of the business services provider’s stock valued at $2,108,000 after purchasing an additional 20,898 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its holdings in AstroNova by 30.5% in the 3rd quarter. North Star Investment Management Corp. now owns 129,150 shares of the business services provider’s stock valued at $2,088,000 after purchasing an additional 30,200 shares in the last quarter. Hedge funds and other institutional investors own 62.08% 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, Canada, Asia, Europe, Central and South America, and internationally. The company operates through two segments, Product Identification and Test & Measurement (T&M).

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