StockNews.com began covering stocks of AstroNova (NASDAQ: A LOT – Get a rating) in a note released Saturday to investors. The brokerage has assigned a “Strong Buy” rating to the shares of the business services provider.
A number of other research companies have also published ALOT reports recently. Zacks Investment Research upgraded AstroNova from a “sell” rating to a “hold” rating in a Wednesday, February 2, research report. TheStreet downgraded AstroNova from a “b-” rating to a “c+” rating in a research report on Monday, December 20.
NASDAQ: ALOT opened at $14.89 on Friday. The company has a debt ratio of 0.10, a quick ratio of 1.70 and a current ratio of 3.41. The stock’s 50-day simple moving average is $14.17 and its 200-day simple moving average is $15.11. The company has a market capitalization of $108.04 million, a P/E ratio of 13.54, a P/E/G ratio of 3.50 and a beta of 0.70. AstroNova has a 52-week low of $11.85 and a 52-week high of $18.52.
Hedge funds and other institutional investors have recently changed their positions in the company. BlackRock Inc. increased its position in AstroNova by 2.1% during the fourth quarter. BlackRock Inc. now owns 83,367 shares of the business services provider worth $1,125,000 after buying an additional 1,716 shares in the last quarter. Morgan Stanley increased its position in AstroNova shares by 39.8% in the second quarter. Morgan Stanley now owns 6,152 shares of the business services provider valued at $86,000 after buying an additional 1,750 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in AstroNova shares by 49.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 26,776 shares of the business services provider valued at $361,000 after buying 8,858 additional shares in the last quarter. State Street Corp acquired a new position in shares of AstroNova in the second quarter worth about $227,000. Finally, North Star Investment Management Corp. increased its position in AstroNova shares by 47.2% in the third quarter. North Star Investment Management Corp. now owns 88,850 shares of the business services provider valued at $1,337,000 after buying an additional 28,500 shares in the last quarter. 48.44% of the shares are currently held by hedge funds and other institutional investors.
AstroNova Company Profile (Get an evaluation)
AstroNova, Inc. is engaged in the design, development, manufacture and distribution of specialty printers and data acquisition and analysis systems. It operates through Product Identification (PI) and Test and Measurement (T&M) segments. The PI segment offers digital label printers, overprinters, labeling software, spare parts, service contracts and related printing supplies such as pressure-sensitive labels, labels, inks , toners and thermal transfer ribbons used in digital product identification printers.
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