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

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

AstroNova Stock Down 2.2 %

Shares of NASDAQ:ALOT opened at $11.36 on Tuesday. The firm has a market cap of $85.54 million, a P/E ratio of 22.72 and a beta of 0.67. AstroNova has a 52-week low of $11.00 and a 52-week high of $18.25. The business’s 50 day simple moving average is $13.44 and its two-hundred day simple moving average is $13.94. 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 (NASDAQ:ALOT) last posted its quarterly earnings results on Thursday, December 12th. The business services provider reported $0.06 earnings per share (EPS) for the quarter. AstroNova had a net margin of 2.49% and a return on equity of 5.21%.

Hedge Funds Weigh In On AstroNova

A hedge fund recently raised its stake in AstroNova stock. Diamond Hill Capital Management Inc. grew its stake in AstroNova, Inc. (NASDAQ:ALOT) by 23.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,000 shares of the business services provider’s stock after purchasing an additional 13,000 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 0.90% of AstroNova worth $915,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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).