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

AstroNova, Inc. (NASDAQ:ALOT) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 12,500 shares, a growth of 28.9% from the February 13th total of 9,700 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 16,900 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on AstroNova in a report on Monday. They issued a “buy” rating on the stock.

Institutional Trading of AstroNova

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mink Brook Asset Management LLC acquired a new stake in shares of AstroNova in the 4th quarter worth $4,507,000. Peapod Lane Capital LLC acquired a new stake in shares of AstroNova in the 4th quarter worth $1,536,000. Diamond Hill Capital Management Inc. increased its stake in shares of AstroNova by 22.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider’s stock worth $1,003,000 after acquiring an additional 15,544 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of AstroNova by 1.8% in the 4th 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 during the last quarter. Finally, Northern Trust Corp increased its stake in shares of AstroNova by 14.6% in the 4th 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 during the last quarter. 43.02% of the stock is owned by institutional investors and hedge funds.

AstroNova Trading Down 1.8 %

Shares of ALOT stock opened at $10.65 on Tuesday. The stock’s fifty day moving average is $11.42 and its two-hundred day moving average is $13.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.83. The firm has a market capitalization of $80.18 million, a P/E ratio of 21.30 and a beta of 0.62. AstroNova has a fifty-two week low of $9.70 and a fifty-two week high of $18.25.

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).