StockNews.com Begins Coverage on AstroNova (NASDAQ:ALOT)

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

AstroNova Stock Performance

Shares of ALOT opened at $11.80 on Thursday. The business’s fifty day moving average price is $12.50 and its 200 day moving average price is $13.63. AstroNova has a 12-month low of $11.00 and a 12-month high of $18.25. The stock has a market capitalization of $88.85 million, a PE ratio of 23.60 and a beta of 0.66. 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 issued its earnings results on Thursday, December 12th. The business services provider reported $0.06 earnings per share for the quarter. AstroNova had a return on equity of 5.21% and a net margin of 2.49%.

Institutional Investors Weigh In On AstroNova

Several large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp increased its position in AstroNova by 14.6% in the fourth 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 period. Geode Capital Management LLC increased its position in AstroNova by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock worth $847,000 after buying an additional 1,226 shares during the period. Diamond Hill Capital Management Inc. increased 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 worth $1,003,000 after buying an additional 15,544 shares during the period. Finally, Peapod Lane Capital LLC acquired a new stake in AstroNova in the fourth quarter worth $1,536,000. 43.02% of the stock is owned by institutional investors and hedge funds.

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).