AstroNova (NASDAQ:ALOT) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of AstroNova, Inc. (NASDAQ:ALOT) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.04 and traded as high as $11.13. AstroNova shares last traded at $10.88, with a volume of 1,146 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen began coverage on shares of AstroNova in a research report on Tuesday, May 20th. They issued a “buy” rating for the company.

AstroNova Stock Up 0.5%

The company has a current ratio of 1.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $82.69 million, a PE ratio of -5.11 and a beta of 0.81. The stock’s fifty day simple moving average is $11.04 and its 200-day simple moving average is $10.04.

AstroNova (NASDAQ:ALOT) last posted its quarterly earnings data on Thursday, June 5th. The business services provider reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $37.71 million for the quarter. AstroNova had a negative net margin of 10.28% and a positive return on equity of 2.21%. AstroNova has set its FY 2026 guidance at EPS.

Insider Transactions at AstroNova

In other news, Director Mitchell I. Quain acquired 10,000 shares of the business’s stock in a transaction on Tuesday, June 17th. The shares were purchased at an average cost of $9.05 per share, with a total value of $90,500.00. Following the acquisition, the director directly owned 97,719 shares of the company’s stock, valued at $884,356.95. The trade was a 11.40% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AstroNova

A number of hedge funds have recently bought and sold shares of the company. Northern Trust Corp raised its stake 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 during the period. Diamond Hill Capital Management Inc. raised its stake in shares of AstroNova by 15.0% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 96,063 shares of the business services provider’s stock worth $883,000 after purchasing an additional 12,519 shares during the period. Geode Capital Management LLC raised its stake in AstroNova by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock valued at $847,000 after acquiring an additional 1,226 shares during the period. Mink Brook Asset Management LLC bought a new stake in AstroNova in the 4th quarter valued at about $4,507,000. Finally, Bridgeway Capital Management LLC raised its stake in AstroNova by 7.0% in the 4th 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. 43.02% of the stock is owned by hedge funds and other 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).