AstroNova (NASDAQ:ALOT) Share Price Passes Below 200-Day Moving Average – Here’s Why

AstroNova, Inc. (NASDAQ:ALOT)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.00 and traded as low as $9.47. AstroNova shares last traded at $9.84, with a volume of 13,517 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AstroNova in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

AstroNova Stock Up 0.9%

The company has a current ratio of 1.71, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The stock has a market cap of $75.18 million, a P/E ratio of -4.37 and a beta of 0.90. The firm has a 50-day simple moving average of $10.54 and a two-hundred day simple moving average of $10.00.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Mink Brook Asset Management LLC increased its position in shares of 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 purchasing an additional 3,955 shares during the period. Diamond Hill Capital Management Inc. increased its position in shares of 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 purchasing an additional 12,519 shares during the period. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 1,036 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of AstroNova in the second quarter worth $140,000. 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).