Astrotech (NASDAQ:ASTC) Share Price Passes Above 200 Day Moving Average of $8.39

Astrotech Co. (NASDAQ:ASTC)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.39 and traded as high as $9.74. Astrotech shares last traded at $9.15, with a volume of 698 shares traded.

Astrotech Stock Performance

The company has a fifty day simple moving average of $8.59 and a 200 day simple moving average of $8.39. The stock has a market capitalization of $15.57 million, a price-to-earnings ratio of -1.45 and a beta of -0.17.

Astrotech (NASDAQ:ASTC) last issued its quarterly earnings data on Monday, February 12th. The aerospace company reported ($1.62) earnings per share (EPS) for the quarter. Astrotech had a negative return on equity of 23.57% and a negative net margin of 515.23%. The company had revenue of $1.12 million for the quarter.

Institutional Investors Weigh In On Astrotech

A hedge fund recently raised its stake in Astrotech stock. Acuitas Investments LLC grew its holdings in shares of Astrotech Co. (NASDAQ:ASTC) by 18.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,570 shares of the aerospace company’s stock after acquiring an additional 9,623 shares during the period. Acuitas Investments LLC owned 3.68% of Astrotech worth $531,000 as of its most recent SEC filing. 24.35% of the stock is currently owned by institutional investors.

About Astrotech

Astrotech Corporation operates as a mass spectrometry company worldwide. It owns and licenses the intellectual property related to the Astrotech Mass Spectrometer Technology, a platform mass spectrometry technology. The company also develops TRACER 1000, a mass spectrometer-based explosive trace detector to replace the explosives trace detectors used at airports, cargo and other secured facilities, and borders.