AstroNova (NASDAQ:ALOT) Downgraded by StockNews.com to “Buy”

StockNews.com lowered shares of AstroNova (NASDAQ:ALOT) from a strong-buy rating to a buy rating in a research note published on Monday.

AstroNova Price Performance

NASDAQ:ALOT opened at $15.19 on Monday. The company has a quick ratio of 1.10, a current ratio of 3.07 and a debt-to-equity ratio of 0.10. AstroNova has a 52 week low of $11.79 and a 52 week high of $18.83. The stock’s 50-day moving average price is $15.69 and its 200-day moving average price is $16.87. The stock has a market capitalization of $114.08 million, a PE ratio of 23.02 and a beta of 0.61.

AstroNova (NASDAQ:ALOT) last issued its quarterly earnings results on Thursday, June 6th. The business services provider reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $32.96 million for the quarter. AstroNova had a return on equity of 8.52% and a net margin of 3.45%.

Institutional Trading of AstroNova

A hedge fund recently bought a new stake in AstroNova stock. O Shaughnessy Asset Management LLC bought a new position in shares of AstroNova, Inc. (NASDAQ:ALOT) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,543 shares of the business services provider’s stock, valued at approximately $206,000. O Shaughnessy Asset Management LLC owned approximately 0.15% of AstroNova as of its most recent SEC filing. Hedge funds and other institutional investors own 43.02% of the company’s stock.

AstroNova Company Profile

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).