AstroNova, Inc. (NASDAQ:ALOT) Short Interest Update

AstroNova, Inc. (NASDAQ:ALOT) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 9,700 shares, a drop of 28.7% from the January 31st total of 13,600 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 16,700 shares, the short-interest ratio is presently 0.6 days.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on AstroNova in a research report on Saturday. They issued a “buy” rating on the stock.

AstroNova Stock Performance

Shares of ALOT stock opened at $10.86 on Monday. AstroNova has a one year low of $10.29 and a one year high of $18.25. 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’s 50 day simple moving average is $11.86 and its 200 day simple moving average is $13.41. The stock has a market capitalization of $81.76 million, a PE ratio of 21.72 and a beta of 0.66.

AstroNova (NASDAQ:ALOT) last issued its quarterly earnings results on Thursday, December 12th. The business services provider reported $0.06 EPS for the quarter. AstroNova had a net margin of 2.49% and a return on equity of 5.21%.

Institutional Investors Weigh In On AstroNova

Several large investors have recently added to or reduced their stakes in ALOT. Mink Brook Asset Management LLC acquired a new position in AstroNova in the fourth quarter valued at approximately $4,507,000. Bridgeway Capital Management LLC increased its stake in shares of 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 in the last quarter. Northern Trust Corp lifted its position 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 valued at $785,000 after acquiring an additional 8,314 shares during the period. Geode Capital Management LLC boosted its stake in AstroNova by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 70,535 shares of the business services provider’s stock worth $847,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its holdings 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 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.

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).