AstroNova (NASDAQ:ALOT) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOT) in a research note issued to investors on Thursday. The brokerage issued a buy rating on the business services provider’s stock.

AstroNova Stock Down 2.0 %

ALOT stock opened at $8.53 on Thursday. AstroNova has a 52 week low of $8.33 and a 52 week high of $18.25. The business has a 50-day simple moving average of $10.30 and a 200 day simple moving average of $12.37. 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 company has a market cap of $64.22 million, a PE ratio of 17.06 and a beta of 0.49.

Institutional Trading of AstroNova

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in AstroNova by 10.5% during the third quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider’s stock valued at $933,000 after purchasing an additional 6,592 shares in the last quarter. Peapod Lane Capital LLC acquired a new position in shares of AstroNova during the 4th quarter worth $1,536,000. Diamond Hill Capital Management Inc. lifted its position in shares of AstroNova by 22.9% during 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 buying an additional 15,544 shares during the last quarter. Northern Trust Corp lifted its position in shares of AstroNova by 14.6% during the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock worth $785,000 after buying an additional 8,314 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in AstroNova by 7.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock valued at $472,000 after buying an additional 2,574 shares in the last quarter. Institutional investors and hedge funds own 43.02% of the company’s stock.

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).