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

StockNews.com assumed coverage on shares of AstroNova (NASDAQ:ALOT) in a report issued on Tuesday. The firm issued a buy rating on the business services provider’s stock.

AstroNova Trading Up 8.0 %

ALOT opened at $9.29 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.83. AstroNova has a one year low of $8.33 and a one year high of $18.25. The company has a market cap of $69.94 million, a P/E ratio of 18.58 and a beta of 0.62. The business’s 50-day simple moving average is $11.08 and its 200-day simple moving average is $12.84.

Institutional Investors Weigh In On AstroNova

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 1,226 shares during the last quarter. Bridgeway Capital Management LLC increased its position in 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 buying an additional 2,574 shares during the period. Northern Trust Corp lifted its stake in AstroNova by 14.6% in the fourth quarter. Northern Trust Corp now owns 65,359 shares of the business services provider’s stock valued at $785,000 after buying an additional 8,314 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of 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 during the period. Finally, Peapod Lane Capital LLC acquired a new position in shares of AstroNova in the 4th quarter valued at $1,536,000. 43.02% of the stock is currently owned by institutional investors and hedge funds.

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).