Astrotech (NASDAQ:ASTC) Share Price Passes Above Two Hundred Day Moving Average of $8.75

Astrotech Co. (NASDAQ:ASTC) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.75 and traded as high as $9.03. Astrotech shares last traded at $9.03, with a volume of 72,672 shares traded.

Astrotech Stock Up 0.3 %

The company has a market cap of $15.35 million, a price-to-earnings ratio of -1.34 and a beta of -0.15. The firm has a 50 day moving average price of $8.74 and a two-hundred day moving average price of $8.75.

Astrotech (NASDAQ:ASTC) last issued its quarterly earnings results on Monday, May 13th. The aerospace company reported ($1.93) earnings per share for the quarter. The company had revenue of $0.05 million during the quarter. Astrotech had a negative net margin of 550.25% and a negative return on equity of 26.78%.

Institutional Investors Weigh In On Astrotech

A hedge fund recently raised its stake in Astrotech stock. Acuitas Investments LLC boosted its position in Astrotech Co. (NASDAQ:ASTC) by 18.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,570 shares of the aerospace company’s stock after acquiring an additional 9,623 shares during the period. Acuitas Investments LLC owned 3.68% of Astrotech worth $531,000 as of its most recent SEC filing. Institutional investors own 24.35% of the company’s stock.

About Astrotech

Astrotech Corporation operates as a mass spectrometry company worldwide. It owns and licenses the intellectual property related to the Astrotech Mass Spectrometer Technology, a platform mass spectrometry technology. The company also develops TRACER 1000, a mass spectrometer-based explosive trace detector to replace the explosives trace detectors used at airports, cargo and other secured facilities, and borders.