AstroNova (NASDAQ:ALOT) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOT) in a research report released on Tuesday morning. The firm issued a buy rating on the business services provider’s stock.

AstroNova Price Performance

Shares of NASDAQ:ALOT opened at $11.36 on Tuesday. The company has a market capitalization of $85.54 million, a P/E ratio of 22.72 and a beta of 0.67. The company’s 50-day moving average is $13.44 and its 200 day moving average is $13.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.83. AstroNova has a fifty-two week low of $11.00 and a fifty-two week high of $18.25.

AstroNova (NASDAQ:ALOT) last released its earnings results on Thursday, December 12th. The business services provider reported $0.06 earnings per share for the quarter. AstroNova had a net margin of 2.49% and a return on equity of 5.21%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AstroNova stock. Geode Capital Management LLC raised its holdings in shares of AstroNova, Inc. (NASDAQ:ALOT) by 10.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,309 shares of the business services provider’s stock after purchasing an additional 6,592 shares during the quarter. Geode Capital Management LLC owned approximately 0.92% of AstroNova worth $933,000 as of its most recent filing with the Securities & Exchange Commission. 43.02% of the stock is currently owned by hedge funds and other institutional investors.

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).