StockNews.com Begins Coverage on Astrotech (NASDAQ:ASTC)

StockNews.com initiated coverage on shares of Astrotech (NASDAQ:ASTC – Get Rating) in a research note released on Wednesday. The brokerage issued a sell rating on the aerospace company’s stock.

NASDAQ ASTC opened at $0.45 on Wednesday. Astrotech has a 52-week low of $0.43 and a 52-week high of $1.40. The firm has a 50-day moving average price of $0.52 and a 200 day moving average price of $0.63.

Astrotech (NASDAQ:ASTC – Get Rating) last issued its earnings results on Thursday, May 12th. The aerospace company reported ($0.04) earnings per share (EPS) for the quarter. Astrotech had a negative net margin of 909.47% and a negative return on equity of 13.32%. The company had revenue of $0.10 million during the quarter.

Institutional investors have recently modified their holdings of the business. Two Sigma Securities LLC purchased a new position in Astrotech in the third quarter valued at about $62,000. Virtu Financial LLC purchased a new position in Astrotech in the first quarter valued at about $56,000. Finally, Marquette Asset Management LLC purchased a new position in Astrotech in the first quarter valued at about $199,000. 13.45% of the stock is owned by institutional investors.

Astrotech Company Profile (Get Rating)

Astrotech Corporation operates as a science and technology development and commercialization company worldwide. It operates through three segments, Astrotech Technologies, Inc (ATI), 1st Detect Corporation (1st Detect), and AgLAB Inc (AgLAB). The ATI segment owns and licenses the AMS Technology, the platform mass spectrometry technology.

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