AstroNova (NASDAQ:ALOT) Upgraded 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 report issued on Thursday.

AstroNova Stock Performance

NASDAQ:ALOT opened at $14.10 on Thursday. 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 has a market capitalization of $105.95 million, a PE ratio of 21.36 and a beta of 0.55. AstroNova has a fifty-two week low of $11.79 and a fifty-two week high of $18.83. The company has a fifty day moving average of $14.62 and a two-hundred day moving average of $16.07.

Hedge Funds Weigh In On AstroNova

A hedge fund recently bought a new stake in AstroNova stock. O Shaughnessy Asset Management LLC bought a new position in AstroNova, Inc. (NASDAQ:ALOT) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 43.02% of the company’s stock.

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).