Astrotech (NASDAQ:ASTC) Stock Price Passes Above Two Hundred Day Moving Average of $8.38

Astrotech Co. (NASDAQ:ASTC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.38 and traded as high as $9.20. Astrotech shares last traded at $9.07, with a volume of 3,773 shares traded.

Astrotech Stock Up 0.2 %

The stock has a market capitalization of $15.42 million, a price-to-earnings ratio of -1.44 and a beta of -0.20. The company’s 50-day moving average is $8.85 and its 200-day moving average is $8.38.

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

Hedge Funds Weigh In On Astrotech

A hedge fund recently raised its stake in Astrotech stock. Acuitas Investments LLC boosted its stake in shares of Astrotech Co. (NASDAQ:ASTC) by 18.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,570 shares of the aerospace company’s stock after buying an additional 9,623 shares during the quarter. Acuitas Investments LLC owned 3.68% of Astrotech worth $531,000 as of its most recent SEC filing. Institutional investors own 24.35% of the company’s stock.

Astrotech Company Profile

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.