AstroNova, Inc. (NASDAQ:ALOT) Short Interest Down 11.1% in January

AstroNova, Inc. (NASDAQ:ALOT) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 13,600 shares, a decrease of 11.1% from the January 15th total of 15,300 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 16,700 shares, the short-interest ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of AstroNova in a research report on Thursday. They set a “buy” rating for the company.

AstroNova Trading Down 0.8 %

Shares of ALOT opened at $11.80 on Friday. The stock has a market capitalization of $88.85 million, a P/E ratio of 23.60 and a beta of 0.66. The company has a quick ratio of 0.77, a current ratio of 1.83 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $12.50 and a two-hundred day simple moving average of $13.63. AstroNova has a twelve month low of $11.00 and a twelve month high of $18.25.

AstroNova (NASDAQ:ALOT) last posted its earnings results on Thursday, December 12th. The business services provider reported $0.06 EPS for the quarter. AstroNova had a net margin of 2.49% and a return on equity of 5.21%.

Institutional Investors Weigh In On AstroNova

Several institutional investors and hedge funds have recently modified their holdings of ALOT. Northern Trust Corp boosted its stake in AstroNova by 14.6% during the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock worth $785,000 after acquiring an additional 8,314 shares in the last quarter. Geode Capital Management LLC boosted its stake in AstroNova by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock worth $847,000 after acquiring an additional 1,226 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in AstroNova by 23.6% during the third quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock worth $915,000 after acquiring an additional 13,000 shares in the last quarter. Finally, Peapod Lane Capital LLC bought a new stake in AstroNova during the fourth quarter worth about $1,536,000. 43.02% of the stock is owned by hedge funds and other institutional investors.

AstroNova Company Profile

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).