AstroNova (NASDAQ:ALOT) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of AstroNova (NASDAQ:ALOT) in a research note released on Wednesday. The firm issued a buy rating on the business services provider’s stock.

AstroNova Price Performance

ALOT stock opened at $8.94 on Wednesday. The company has a fifty day simple moving average of $10.82 and a two-hundred day simple moving average of $12.67. AstroNova has a 52 week low of $8.33 and a 52 week high of $18.25. The company has a quick ratio of 0.77, a current ratio of 1.83 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $67.31 million, a P/E ratio of 17.88 and a beta of 0.62.

Institutional Investors Weigh In On AstroNova

Several institutional investors have recently modified their holdings of ALOT. Mink Brook Asset Management LLC purchased a new stake in AstroNova during the 4th quarter valued at $4,507,000. Bridgeway Capital Management LLC raised its stake in shares of AstroNova by 7.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock valued at $472,000 after acquiring an additional 2,574 shares during the period. Northern Trust Corp lifted its holdings in shares of AstroNova by 14.6% in the 4th quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock worth $785,000 after acquiring an additional 8,314 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of AstroNova by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock worth $847,000 after acquiring an additional 1,226 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its holdings in AstroNova by 22.9% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider’s stock valued at $1,003,000 after purchasing an additional 15,544 shares during the last quarter. 43.02% of the stock is owned by institutional investors.

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).