AstroNova (NASDAQ:ALOT) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of AstroNova, Inc. (NASDAQ:ALOT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.96 and traded as high as $10.14. AstroNova shares last traded at $10.12, with a volume of 39,085 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AstroNova in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

AstroNova Stock Performance

The business has a 50-day moving average of $10.74 and a two-hundred day moving average of $9.96. The company has a market cap of $77.32 million, a P/E ratio of -4.50 and a beta of 0.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.71 and a quick ratio of 0.61.

AstroNova (NASDAQ:ALOT) last issued its quarterly earnings results on Friday, April 22nd. The business services provider reported $0.12 earnings per share for the quarter. The business had revenue of $29.44 million during the quarter. AstroNova had a positive return on equity of 1.09% and a negative net margin of 11.20%.

Institutional Investors Weigh In On AstroNova

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in AstroNova in the second quarter worth about $140,000. Geode Capital Management LLC boosted its holdings in AstroNova by 1.4% in the second quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider’s stock worth $859,000 after acquiring an additional 1,036 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in AstroNova by 15.0% in the first quarter. Diamond Hill Capital Management Inc. now owns 96,063 shares of the business services provider’s stock worth $883,000 after acquiring an additional 12,519 shares in the last quarter. Finally, Mink Brook Asset Management LLC boosted its holdings in AstroNova by 1.1% in the second quarter. Mink Brook Asset Management LLC now owns 379,361 shares of the business services provider’s stock worth $4,397,000 after acquiring an additional 3,955 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).