AstroNova, Inc. (NASDAQ:ALOT) Short Interest Update

AstroNova, Inc. (NASDAQ:ALOT) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 25,100 shares, an increase of 28.7% from the November 30th total of 19,500 shares. Based on an average daily trading volume, of 18,400 shares, the short-interest ratio is currently 1.4 days. Currently, 0.4% of the company’s shares are short sold.

AstroNova Stock Down 5.3 %

AstroNova stock traded down $0.69 during midday trading on Friday, reaching $12.36. The stock had a trading volume of 6,562 shares, compared to its average volume of 14,064. The company has a fifty day moving average price of $14.22 and a two-hundred day moving average price of $14.40. AstroNova has a 12 month low of $11.82 and a 12 month high of $18.83. The company has a current ratio of 1.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $93.06 million, a P/E ratio of 14.71 and a beta of 0.61.

AstroNova (NASDAQ:ALOT) last released its quarterly earnings data on Thursday, December 12th. The business services provider reported $0.06 earnings per share for the quarter. AstroNova had a net margin of 4.20% and a return on equity of 7.77%.

Institutional Trading of AstroNova

An institutional investor recently raised its position in AstroNova stock. Diamond Hill Capital Management Inc. increased its position in shares of AstroNova, Inc. (NASDAQ:ALOT) by 23.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,000 shares of the business services provider’s stock after purchasing an additional 13,000 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 0.90% of AstroNova worth $915,000 as of its most recent SEC filing. Institutional investors own 43.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of AstroNova from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 12th.

About AstroNova

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).