AstroNova, Inc. (NASDAQ:ALOT) Short Interest Update

AstroNova, Inc. (NASDAQ:ALOT) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 9,700 shares, a decline of 28.7% from the January 31st total of 13,600 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 16,700 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of AstroNova in a research note on Saturday. They set a “buy” rating for the company.

AstroNova Stock Performance

ALOT stock opened at $10.75 on Tuesday. The firm has a market cap of $80.94 million, a PE ratio of 21.50 and a beta of 0.66. The company has a current ratio of 1.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $11.82 and a 200-day moving average price of $13.39. AstroNova has a 1-year low of $10.29 and a 1-year high of $18.25.

AstroNova (NASDAQ:ALOT) last released its earnings results on Thursday, December 12th. The business services provider reported $0.06 EPS for the quarter. AstroNova had a return on equity of 5.21% and a net margin of 2.49%.

Institutional Trading of AstroNova

Several hedge funds have recently modified their holdings of ALOT. Bridgeway Capital Management LLC boosted its stake in AstroNova by 7.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock worth $472,000 after acquiring an additional 2,574 shares in the last quarter. Northern Trust Corp boosted its position in shares of AstroNova by 14.6% during the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock worth $785,000 after purchasing an additional 8,314 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of AstroNova by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock worth $847,000 after purchasing an additional 1,226 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of AstroNova by 23.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock valued at $915,000 after buying an additional 13,000 shares during the period. Finally, Peapod Lane Capital LLC bought a new stake in AstroNova in the 4th quarter valued at about $1,536,000. Institutional investors own 43.02% of the company’s stock.

AstroNova Company Profile

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).