Astrotech (NASDAQ:ASTC) Upgraded to “Sell” at Wall Street Zen

Astrotech (NASDAQ:ASTCGet Free Report) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report issued on Sunday.

Separately, Weiss Ratings raised Astrotech from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

View Our Latest Stock Analysis on Astrotech

Astrotech Price Performance

Shares of ASTC traded down $0.22 during trading hours on Friday, hitting $9.26. The stock had a trading volume of 80,134 shares, compared to its average volume of 356,747. The stock has a market capitalization of $16.67 million, a price-to-earnings ratio of -1.10 and a beta of 4.77. The company’s fifty day moving average is $13.71 and its two-hundred day moving average is $6.89. Astrotech has a 52 week low of $1.91 and a 52 week high of $68.85.

Astrotech (NASDAQ:ASTCGet Free Report) last released its quarterly earnings results on Wednesday, May 13th. The aerospace company reported ($2.25) EPS for the quarter. The firm had revenue of $0.34 million during the quarter. Astrotech had a negative net margin of 1,397.82% and a negative return on equity of 81.85%.

Hedge Funds Weigh In On Astrotech

A number of institutional investors have recently modified their holdings of the stock. J. Safra Sarasin Holding AG bought a new position in Astrotech in the 1st quarter worth approximately $140,000. DRW Securities LLC boosted its position in Astrotech by 168.5% in the 4th quarter. DRW Securities LLC now owns 31,464 shares of the aerospace company’s stock valued at $109,000 after buying an additional 19,747 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in shares of Astrotech in the 3rd quarter valued at $66,000. 24.35% of the stock is owned by institutional investors.

About Astrotech

(Get Free Report)

Astrotech Corp. (NASDAQ: ASTC) is a technology commercialization company headquartered near Austin, Texas. The firm sources early-stage innovations from government and university research programs—most notably from NASA—and advances them toward commercial readiness. Astrotech’s core mission is to bridge the gap between federally funded R&D and industrial applications across the life sciences and renewable energy sectors.

In its life sciences division, Astrotech has focused on mass spectrometry-based analytical instruments and diagnostic platforms.

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