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

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

AstroNova Stock Up 2.4 %

ALOT stock opened at $8.14 on Friday. The business’s 50-day simple moving average is $9.57 and its 200 day simple moving average is $11.99. 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 company has a market cap of $61.66 million, a PE ratio of 16.28 and a beta of 0.49. AstroNova has a twelve month low of $7.53 and a twelve month high of $18.25.

AstroNova (NASDAQ:ALOT) last released its quarterly earnings data on Monday, April 14th. The business services provider reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $37.36 million for the quarter. AstroNova had a return on equity of 5.21% and a net margin of 2.49%.

Insider Transactions at AstroNova

In other AstroNova news, Director Richard S. Warzala purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 17th. The stock was purchased at an average price of $8.07 per share, with a total value of $161,400.00. Following the completion of the transaction, the director now directly owns 60,385 shares of the company’s stock, valued at approximately $487,306.95. This trade represents a 49.52 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 17.70% of the stock is owned by insiders.

Institutional Investors Weigh In On AstroNova

Several large investors have recently modified their holdings of ALOT. Geode Capital Management LLC boosted 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 buying an additional 1,226 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of AstroNova by 7.0% during 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 boosted its stake 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 valued at $785,000 after purchasing an additional 8,314 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of AstroNova by 22.9% in 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. Finally, Peapod Lane Capital LLC acquired a new stake in shares of AstroNova during the 4th quarter worth about $1,536,000. 43.02% of the stock is currently owned by institutional investors.

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).