AstroNova (NASDAQ:ALOT) Cut to “Buy” at StockNews.com

AstroNova (NASDAQ:ALOT) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

AstroNova Stock Performance

Shares of ALOT stock opened at $13.27 on Wednesday. AstroNova has a 12 month low of $11.79 and a 12 month high of $18.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.87 and a quick ratio of 0.73. The firm has a market capitalization of $99.71 million, a P/E ratio of 20.11 and a beta of 0.55. The company’s fifty day moving average price is $14.32 and its two-hundred day moving average price is $15.85.

Hedge Funds Weigh In On AstroNova

An institutional investor recently raised its position in AstroNova stock. Vanguard Group Inc. increased its holdings in AstroNova, Inc. (NASDAQ:ALOT) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 349,546 shares of the business services provider’s stock after acquiring an additional 2,700 shares during the period. Vanguard Group Inc. owned about 4.67% of AstroNova worth $6,229,000 at the end of the most recent reporting period. 43.02% of the stock is owned by institutional investors.

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).