Astrotech (NASDAQ:ASTC) Now Covered by StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Astrotech (NASDAQ:ASTC – Get Rating) in a research note issued to investors on Wednesday. The firm set a “sell” rating on the aerospace company’s stock.

NASDAQ ASTC opened at $0.45 on Wednesday. The business has a 50-day moving average price of $0.52 and a 200-day moving average price of $0.63. Astrotech has a twelve month low of $0.43 and a twelve month high of $1.40.

Astrotech (NASDAQ:ASTC – Get Rating) last released its quarterly earnings data on Thursday, May 12th. The aerospace company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.10 million during the quarter. Astrotech had a negative return on equity of 13.32% and a negative net margin of 909.47%.

Several large investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in shares of Astrotech in the first quarter worth about $56,000. Marquette Asset Management LLC purchased a new stake in shares of Astrotech in the first quarter worth about $199,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Astrotech in the third quarter worth about $62,000. Institutional investors own 13.45% of the company’s stock.

About Astrotech (Get Rating)

Astrotech Corporation operates as a science and technology development and commercialization company worldwide. It operates through three segments, Astrotech Technologies, Inc (ATI), 1st Detect Corporation (1st Detect), and AgLAB Inc (AgLAB). The ATI segment owns and licenses the AMS Technology, the platform mass spectrometry technology.

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