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 published on Thursday.

AstroNova Price Performance

Shares of ALOT stock opened at $14.62 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.87 and a quick ratio of 0.73. The firm has a market cap of $109.94 million, a price-to-earnings ratio of 17.40 and a beta of 0.55. The stock’s fifty day simple moving average is $14.16 and its 200 day simple moving average is $15.71. AstroNova has a one year low of $11.79 and a one year high of $18.83.

AstroNova (NASDAQ:ALOT) last posted its quarterly earnings data on Monday, September 16th. The business services provider reported $0.08 EPS for the quarter. The company had revenue of $40.54 million for the quarter. AstroNova had a return on equity of 7.77% and a net margin of 4.20%.

Institutional Investors 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 shares of AstroNova, Inc. (NASDAQ:ALOT) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,543 shares of the business services provider’s stock, valued at approximately $206,000. O Shaughnessy Asset Management LLC owned about 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).