Astrotech (NASDAQ:ASTC) Posts Earnings Results

Astrotech (NASDAQ:ASTC) posted its earnings results on Friday. The aerospace company reported ($2.34) EPS for the quarter, FiscalAI reports. The firm had revenue of $0.15 million for the quarter. Astrotech had a negative return on equity of 59.71% and a negative net margin of 1,069.89%.

Astrotech Price Performance

Shares of ASTC stock opened at $2.80 on Friday. The firm has a fifty day moving average of $3.56 and a two-hundred day moving average of $4.15. The firm has a market cap of $4.93 million, a P/E ratio of -0.33 and a beta of 0.38. Astrotech has a 1-year low of $2.46 and a 1-year high of $8.01.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Astrotech in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Astrotech presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Astrotech

A hedge fund recently raised its stake in Astrotech stock. DRW Securities LLC raised its position in shares of Astrotech Corporation (NASDAQ:ASTC) by 168.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,464 shares of the aerospace company’s stock after buying an additional 19,747 shares during the quarter. DRW Securities LLC owned about 1.79% of Astrotech worth $109,000 at the end of the most recent quarter. 24.35% of the stock is owned by institutional investors.

About Astrotech

Astrotech Corp. (NASDAQ: ASTC) is a technology commercialization company headquartered near Austin, Texas. The firm sources early-stage innovations from government and university research programs—most notably from NASA—and advances them toward commercial readiness. Astrotech’s core mission is to bridge the gap between federally funded R&D and industrial applications across the life sciences and renewable energy sectors.

In its life sciences division, Astrotech has focused on mass spectrometry-based analytical instruments and diagnostic platforms.