AstroNova (NASDAQ:ALOT) was downgraded by Dougherty & Co from a “buy” rating to a “neutral” rating in a report released on Wednesday, The Fly reports.
Several other equities research analysts have also recently commented on the stock. TheStreet cut shares of AstroNova from a “b-” rating to a “c+” rating in a research report on Tuesday, October 29th. Zacks Investment Research cut shares of AstroNova from a “hold” rating to a “sell” rating in a research report on Monday, December 9th.
Shares of NASDAQ ALOT opened at $12.87 on Wednesday. AstroNova has a fifty-two week low of $12.80 and a fifty-two week high of $27.96. The firm’s 50-day simple moving average is $13.69 and its 200 day simple moving average is $17.43. The company has a quick ratio of 1.06, a current ratio of 2.34 and a debt-to-equity ratio of 0.14. The stock has a market cap of $93.74 million, a P/E ratio of 17.39, a P/E/G ratio of 2.08 and a beta of 0.32.
AstroNova (NASDAQ:ALOT) last issued its quarterly earnings results on Wednesday, December 4th. The business services provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.11). AstroNova had a return on equity of 7.65% and a net margin of 3.86%. The business had revenue of $33.32 million during the quarter. On average, sell-side analysts anticipate that AstroNova will post 0.53 earnings per share for the current fiscal year.
In other AstroNova news, Director Yvonne Schlaeppi purchased 2,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average cost of $14.16 per share, for a total transaction of $28,320.00. Following the completion of the transaction, the director now owns 8,622 shares in the company, valued at $122,087.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.80% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN raised its position in AstroNova by 7.3% in the second quarter. Wells Fargo & Company MN now owns 6,992 shares of the business services provider’s stock worth $180,000 after acquiring an additional 474 shares in the last quarter. California Public Employees Retirement System raised its position in AstroNova by 5.7% in the third quarter. California Public Employees Retirement System now owns 20,482 shares of the business services provider’s stock worth $331,000 after acquiring an additional 1,100 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in AstroNova in the third quarter worth about $82,000. Boston Partners raised its position in AstroNova by 20.2% in the third quarter. Boston Partners now owns 47,224 shares of the business services provider’s stock worth $764,000 after acquiring an additional 7,924 shares in the last quarter. Finally, Hancock Whitney Corp bought a new stake in AstroNova in the second quarter worth about $228,000. Hedge funds and other institutional investors own 61.12% of the company’s stock.
AstroNova Company Profile
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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