AstroNova (NASDAQ:ALOT) Lifted to Strong-Buy at StockNews.com

StockNews.com upgraded shares of AstroNova (NASDAQ:ALOT) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday morning.

AstroNova Trading Down 0.4 %

Shares of ALOT stock opened at $13.95 on Tuesday. AstroNova has a fifty-two week low of $11.79 and a fifty-two week high of $18.83. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.10 and a current ratio of 3.07. The stock’s fifty day moving average is $15.41 and its two-hundred day moving average is $16.78. The firm has a market capitalization of $104.82 million, a P/E ratio of 21.79 and a beta of 0.61.

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

Institutional Investors Weigh In On AstroNova

An institutional investor recently bought a new position in AstroNova stock. O Shaughnessy Asset Management LLC bought a new stake in AstroNova, Inc. (NASDAQ:ALOT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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. 43.02% of the stock is currently owned by hedge funds and other institutional investors.

About AstroNova

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).