AstroNova (NASDAQ:ALOT) Coverage Initiated at StockNews.com

by · The Cerbat Gem

StockNews.com began coverage on shares of AstroNova (NASDAQ:ALOT – Free Report) in a research report sent to investors on Monday. The brokerage issued a buy rating on the business services provider’s stock.

AstroNova Stock Down 0.9 %

Shares of NASDAQ ALOT opened at $10.64 on Monday. AstroNova has a 1 year low of $9.70 and a 1 year high of $18.25. The company has a market capitalization of $80.11 million, a price-to-earnings ratio of 21.28 and a beta of 0.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 0.77. The business has a 50-day moving average of $11.37 and a two-hundred day moving average of $13.06.

Hedge Funds Weigh In On AstroNova

Several hedge funds have recently added to or reduced their stakes in ALOT. Geode Capital Management LLC boosted its holdings in shares of AstroNova by 10.5% in the 3rd quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider’s stock valued at $933,000 after buying an additional 6,592 shares in the last quarter. Peapod Lane Capital LLC purchased a new stake in AstroNova in the fourth quarter valued at $1,536,000. Diamond Hill Capital Management Inc. boosted its stake in AstroNova by 22.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 83,544 shares of the business services provider’s stock valued at $1,003,000 after acquiring an additional 15,544 shares in the last quarter. Northern Trust Corp grew its holdings in shares of AstroNova by 14.6% during 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. Finally, Bridgeway Capital Management LLC increased its position 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 worth $472,000 after purchasing an additional 2,574 shares in the last quarter. 43.02% of the stock is currently owned by hedge funds and other institutional investors.

AstroNova Company Profile

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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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