Astrotech (NASDAQ:ASTC) Stock Rating Cut to Strong Sell at Wall Street Zen

Wall Street Zen downgraded shares of Astrotech (NASDAQ:ASTC) from a sell rating to a strong sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Astrotech in a research note on Monday, August 24th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Astrotech has an average rating of “Sell”.

Astrotech Trading Down 1.4%

Shares of ASTC stock traded down $0.06 during trading on Friday, hitting $4.20. The company’s stock had a trading volume of 10,060 shares, compared to its average volume of 25,861. The company has a market cap of $8.86 million, a PE ratio of -0.49 and a beta of 5.24. The business has a fifty day moving average of $5.94 and a 200-day moving average of $7.25. Astrotech has a 52 week low of $1.91 and a 52 week high of $68.85.

Astrotech (NASDAQ:ASTC) last issued its quarterly earnings results on Friday, November 13th. The aerospace company reported ($1.46) EPS for the quarter. The business had revenue of $0.27 million for the quarter. Astrotech had a negative return on equity of 91.69% and a negative net margin of 1,578.34%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Astrotech stock. SCS Capital Management LLC purchased a new position in Astrotech Corporation (NASDAQ:ASTC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,000 shares of the aerospace company’s stock, valued at approximately $120,000. SCS Capital Management LLC owned 0.61% of Astrotech at the end of the most recent quarter. 24.35% of the stock is owned by institutional investors.

Astrotech Company Profile

Astrotech Corporation (NASDAQ: ASTC) is a technology company focused on developing and commercializing mass spectrometry products. Its subsidiary 1st Detect makes the TRACER 1000, an instrument designed to identify trace amounts of explosives and narcotics for security screening. Astrotech has also pursued mass spectrometry applications in agriculture and food analysis through AgLab, and breath-based testing through BreathTech. These initiatives extend the technology into areas beyond security. The company was formerly known as Spacehab and has historical roots in commercial space services.