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

StockNews.com initiated coverage on shares of AstroNova (NASDAQ:ALOT) in a research report sent to investors on Saturday morning. The brokerage issued a buy rating on the business services provider’s stock.

AstroNova Stock Up 2.4 %

ALOT stock opened at $8.14 on Friday. The firm has a market cap of $61.66 million, a PE ratio of 16.28 and a beta of 0.49. AstroNova has a 1 year low of $7.53 and a 1 year high of $18.25. The company has a fifty day simple moving average of $9.57 and a 200 day simple moving average of $11.99. The company has a current ratio of 1.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23.

AstroNova (NASDAQ:ALOT) last announced its quarterly earnings results on Monday, April 14th. The business services provider reported $0.06 earnings per share for the quarter. The company had revenue of $37.36 million during the quarter. AstroNova had a return on equity of 5.21% and a net margin of 2.49%.

Insider Activity

In other news, Director Richard S. Warzala acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 17th. The stock was acquired at an average cost of $8.07 per share, with a total value of $161,400.00. Following the acquisition, the director now owns 60,385 shares in the company, valued at approximately $487,306.95. This represents a 49.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 17.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of AstroNova by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock valued at $847,000 after purchasing an additional 1,226 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in AstroNova by 7.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock valued at $472,000 after purchasing an additional 2,574 shares during the period. Northern Trust Corp grew 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 buying an additional 8,314 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in AstroNova by 22.9% in the 4th 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 position in shares of AstroNova during the fourth quarter worth approximately $1,536,000. 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).