AstroNova, Inc. (NASDAQ:ALOT) Sees Significant Decrease in Short Interest

AstroNova, Inc. (NASDAQ:ALOT) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 19,500 shares, a decrease of 8.9% from the November 15th total of 21,400 shares. Based on an average trading volume of 16,200 shares, the short-interest ratio is currently 1.2 days. Currently, 0.3% of the company’s shares are sold short.

AstroNova Stock Performance

ALOT opened at $14.14 on Monday. The company has a market cap of $106.35 million, a price-to-earnings ratio of 28.28 and a beta of 0.61. The company’s fifty day moving average price is $14.38 and its two-hundred day moving average price is $14.68. AstroNova has a 1-year low of $11.82 and a 1-year high of $18.83. The company has a current ratio of 1.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.25.

AstroNova (NASDAQ:ALOT) last issued its quarterly earnings data on Thursday, December 12th. The business services provider reported $0.06 EPS for the quarter. AstroNova had a return on equity of 7.77% and a net margin of 4.20%.

Analyst Ratings Changes

Separately, StockNews.com downgraded AstroNova from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

Institutional Trading of AstroNova

A number of institutional investors and hedge funds have recently modified their holdings of the business. Diamond Hill Capital Management Inc. boosted its stake in AstroNova by 23.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock valued at $915,000 after acquiring an additional 13,000 shares during the last quarter. Geode Capital Management LLC lifted its stake in AstroNova by 10.5% in the third quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider’s stock valued at $933,000 after purchasing an additional 6,592 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in AstroNova by 0.8% during the first quarter. Vanguard Group Inc. now owns 349,546 shares of the business services provider’s stock valued at $6,229,000 after purchasing an additional 2,700 shares during the period. 43.02% of the stock is owned by hedge funds and other 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).