AstroNova (NASDAQ:ALOT) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOT) in a note issued to investors on Monday. The firm set a “buy” rating on the business services provider’s stock.

AstroNova Price Performance

Shares of ALOT opened at $10.74 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.83. AstroNova has a fifty-two week low of $9.70 and a fifty-two week high of $18.25. The firm has a 50-day simple moving average of $11.39 and a 200-day simple moving average of $13.07. The company has a market capitalization of $80.86 million, a price-to-earnings ratio of 21.48 and a beta of 0.62.

Hedge Funds Weigh In On AstroNova

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mink Brook Asset Management LLC purchased a new position in AstroNova during the 4th quarter worth $4,507,000. Peapod Lane Capital LLC purchased a new position in AstroNova during the fourth quarter worth about $1,536,000. Diamond Hill Capital Management Inc. lifted its position in AstroNova by 22.9% in 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 purchasing an additional 15,544 shares during the period. Northern Trust Corp boosted its holdings in AstroNova by 14.6% in the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock valued at $785,000 after purchasing an additional 8,314 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in AstroNova by 10.5% during the 3rd quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider’s stock worth $933,000 after purchasing an additional 6,592 shares during the period. 43.02% of the stock is currently 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).