AstroNova (NASDAQ:ALOT) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of AstroNova (NASDAQ:ALOT) in a research report sent to investors on Thursday morning. The firm issued a buy rating on the business services provider’s stock.

AstroNova Stock Down 2.0 %

Shares of ALOT opened at $8.53 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.83. AstroNova has a 52 week low of $8.33 and a 52 week high of $18.25. The stock has a market capitalization of $64.22 million, a price-to-earnings ratio of 17.06 and a beta of 0.49. The stock has a fifty day moving average of $10.30 and a 200-day moving average of $12.37.

Institutional Investors Weigh In On AstroNova

Several hedge funds have recently added to or reduced their stakes in ALOT. Mink Brook Asset Management LLC acquired a new position in AstroNova in the 4th quarter valued at approximately $4,507,000. Bridgeway Capital Management LLC grew 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 worth $472,000 after purchasing an additional 2,574 shares during the last quarter. Northern Trust Corp grew its stake in shares of AstroNova by 14.6% in the fourth 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 during the last quarter. Geode Capital Management LLC increased its holdings in AstroNova by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock valued at $847,000 after purchasing an additional 1,226 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its position 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 worth $1,003,000 after purchasing an additional 15,544 shares during the last quarter. 43.02% of the stock is currently owned by institutional investors and hedge funds.

About AstroNova

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).