AstroNova (NASDAQ:ALOT) Lowered to Buy at StockNews.com

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

AstroNova Stock Performance

NASDAQ:ALOT opened at $14.89 on Wednesday. The firm has a 50 day simple moving average of $14.65 and a 200-day simple moving average of $16.20. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.07 and a quick ratio of 1.10. The firm has a market cap of $111.88 million, a PE ratio of 22.56 and a beta of 0.55. AstroNova has a 1-year low of $11.79 and a 1-year high of $18.83.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 & 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 0.15% of AstroNova at the end of the most recent quarter. 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).