AstroNova (NASDAQ:ALOT) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of AstroNova (NASDAQ:ALOT) in a research report report published on Saturday morning. The firm issued a buy rating on the business services provider’s stock.

AstroNova Stock Performance

Shares of ALOT opened at $8.05 on Friday. AstroNova has a one year low of $7.53 and a one year high of $18.25. The company has a 50-day moving average of $9.49 and a two-hundred day moving average of $11.93. The stock has a market cap of $60.98 million, a price-to-earnings ratio of 16.10 and a beta of 0.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 0.77.

AstroNova (NASDAQ:ALOT) last announced its earnings results on Monday, April 14th. 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%. The company had revenue of $37.36 million during the quarter.

Insider Transactions at AstroNova

In related news, Director Richard S. Warzala purchased 20,000 shares of AstroNova stock in a transaction dated Thursday, April 17th. The stock was acquired at an average cost of $8.07 per share, with a total value of $161,400.00. Following the completion of the transaction, the director now directly owns 60,385 shares of the company’s stock, valued at $487,306.95. This trade represents a 49.52 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.70% of the stock is owned by insiders.

Institutional Trading of AstroNova

A number of hedge funds have recently made changes to their positions in ALOT. Geode Capital Management LLC raised its position 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 valued at $847,000 after acquiring an additional 1,226 shares in the last quarter. Bridgeway Capital Management LLC raised its position in AstroNova by 7.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock valued at $472,000 after acquiring an additional 2,574 shares in the last quarter. Northern Trust Corp raised its position in AstroNova by 14.6% during the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock valued at $785,000 after acquiring an additional 8,314 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in AstroNova by 22.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider’s stock valued at $1,003,000 after acquiring an additional 15,544 shares in the last quarter. Finally, Peapod Lane Capital LLC bought a new position in AstroNova during the fourth quarter valued at approximately $1,536,000. 43.02% of the stock is owned by hedge funds and other institutional investors.

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).