AstroNova, Inc. (NASDAQ:ALOT) Sees Significant Drop in Short Interest

by · The Cerbat Gem

AstroNova, Inc. (NASDAQ:ALOT – Get Free Report) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 10,900 shares, a decrease of 21.0% from the March 15th total of 13,800 shares. Based on an average trading volume of 10,000 shares, the short-interest ratio is currently 1.1 days. Currently, 0.2% of the shares of the stock are short sold.

AstroNova Stock Performance

NASDAQ:ALOT opened at $8.10 on Monday. 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 $61.36 million, a PE ratio of 16.20 and a beta of 0.49. AstroNova has a twelve month low of $7.53 and a twelve month high of $18.25. The stock’s 50-day simple moving average is $9.96 and its 200 day simple moving average is $12.18.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of AstroNova in a research report on Friday. They set a “buy” rating for the company.

Read Our Latest Analysis on AstroNova

Institutional Investors Weigh In On AstroNova

Several hedge funds have recently modified their holdings of ALOT. Mink Brook Asset Management LLC bought a new position in AstroNova in the fourth quarter valued at about $4,507,000. Bridgeway Capital Management LLC boosted its position in AstroNova by 7.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 39,274 shares of the business services provider’s stock worth $472,000 after buying an additional 2,574 shares during the period. Northern Trust Corp grew its holdings in 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 acquiring an additional 8,314 shares during the last quarter. Geode Capital Management LLC increased its position 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. Finally, Diamond Hill Capital Management Inc. lifted its holdings in shares of AstroNova by 22.9% during the fourth 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 period. Institutional investors and hedge funds own 43.02% of the company’s stock.

About AstroNova

(Get Free Report)

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).

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