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

AstroNova, Inc. (NASDAQ:ALOT) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 25,100 shares, a growth of 28.7% from the November 30th total of 19,500 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 18,400 shares, the short-interest ratio is currently 1.4 days.

Analyst Ratings Changes

Separately, StockNews.com downgraded AstroNova from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 12th.

Hedge Funds Weigh In On AstroNova

An institutional investor recently raised its position in AstroNova stock. Diamond Hill Capital Management Inc. raised its stake in shares of AstroNova, Inc. (NASDAQ:ALOT) by 23.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 68,000 shares of the business services provider’s stock after purchasing an additional 13,000 shares during the period. Diamond Hill Capital Management Inc. owned 0.90% of AstroNova worth $915,000 at the end of the most recent quarter. 43.02% of the stock is currently owned by institutional investors and hedge funds.

AstroNova Trading Down 5.3 %

Shares of NASDAQ:ALOT traded down $0.69 during mid-day trading on Friday, reaching $12.36. The stock had a trading volume of 6,562 shares, compared to its average volume of 14,064. The company has a current ratio of 1.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.25. AstroNova has a twelve month low of $11.82 and a twelve month high of $18.83. The firm has a 50 day simple moving average of $14.22 and a two-hundred day simple moving average of $14.40. The firm has a market cap of $93.06 million, a PE ratio of 14.71 and a beta of 0.61.

AstroNova (NASDAQ:ALOT) last released its quarterly earnings results on Thursday, December 12th. The business services provider reported $0.06 EPS for the quarter. AstroNova had a net margin of 4.20% and a return on equity of 7.77%.

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).