AstroNova, Inc. (NASDAQ:ALOT – Get Free Report)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.86 and traded as high as $28.85. AstroNova shares last traded at $28.79, with a volume of 85,753 shares changing hands.
Analysts Set New Price Targets
ALOT has been the subject of several recent research reports. Wall Street Zen raised shares of AstroNova from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AstroNova in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, AstroNova presently has an average rating of “Sell”.
View Our Latest Analysis on ALOT
AstroNova Trading Down 0.4%
AstroNova (NASDAQ:ALOT – Get Free Report) last posted its quarterly earnings data on Monday, June 8th. The business services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.05 by $0.14. The business had revenue of $39.36 million for the quarter, compared to the consensus estimate of $30.67 million. AstroNova had a positive return on equity of 2.94% and a negative net margin of 0.88%.During the same quarter in the prior year, the business earned ($0.05) earnings per share.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in ALOT. Marquette Asset Management LLC bought a new stake in AstroNova during the second quarter valued at $542,000. DRW Securities LLC bought a new stake in shares of AstroNova during the 4th quarter valued at about $125,000. Susquehanna International Group LLP purchased a new position in shares of AstroNova during the third quarter worth about $143,000. Jane Street Group LLC purchased a new position in shares of AstroNova during the second quarter worth about $140,000. Finally, Renaissance Technologies LLC increased its position in shares of AstroNova by 9.8% in the first quarter. Renaissance Technologies LLC now owns 113,940 shares of the business services provider’s stock worth $1,047,000 after purchasing an additional 10,191 shares during the last quarter. Hedge funds and other institutional investors own 43.02% of the company’s stock.
AstroNova Company Profile
AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high‐speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission‐critical applications that require reliable data capture or product identification across complex supply chains.
Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.
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