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

AstroNova, Inc. (NASDAQ:ALOT) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.98 and traded as high as $28.65. AstroNova shares last traded at $28.62, with a volume of 104,915 shares.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of AstroNova from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

AstroNova Stock Performance

The company has a quick ratio of 0.73, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. The stock has a market cap of $221.75 million, a P/E ratio of -158.99 and a beta of 0.86. The business has a 50 day moving average price of $21.27 and a 200 day moving average price of $13.98.

AstroNova (NASDAQ:ALOT) last issued its earnings results on Monday, June 8th. The business services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.14. AstroNova had a negative net margin of 0.88% and a positive return on equity of 2.94%. The firm had revenue of $39.36 million during the quarter, compared to analyst estimates of $30.67 million. During the same period in the previous year, the firm earned ($0.05) earnings per share.

Institutional Trading of AstroNova

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in AstroNova by 1.4% in the second quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider’s stock worth $859,000 after purchasing an additional 1,036 shares in the last quarter. Renaissance Technologies LLC increased its position in AstroNova by 1.2% during the 4th quarter. Renaissance Technologies LLC now owns 103,749 shares of the business services provider’s stock valued at $897,000 after buying an additional 1,207 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of AstroNova by 2.8% during the third quarter. Vanguard Group Inc. now owns 352,131 shares of the business services provider’s stock worth $3,606,000 after acquiring an additional 9,533 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of AstroNova in the 2nd quarter valued at approximately $140,000. Finally, Susquehanna International Group LLP acquired a new position in AstroNova during the 3rd quarter valued at approximately $143,000. Hedge funds and other institutional investors own 43.02% of the company’s stock.

About AstroNova

AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high?speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission?critical applications that require reliable data capture or product identification across complex supply chains.

Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.