AstroNova (NASDAQ:ALOT) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research upgraded AstroNova from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 6th.

AstroNova stock traded up $0.45 during midday trading on Tuesday, reaching $22.20. The company’s stock had a trading volume of 27,110 shares, compared to its average volume of 36,340. The stock’s 50-day simple moving average is $24.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 1.30. AstroNova has a 52-week low of $16.74 and a 52-week high of $27.96. The firm has a market capitalization of $153.83 million, a PE ratio of 27.07, a P/E/G ratio of 2.03 and a beta of 0.24.

AstroNova (NASDAQ:ALOT) last released its quarterly earnings results on Wednesday, June 5th. The business services provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. AstroNova had a return on equity of 9.75% and a net margin of 4.68%. The company had revenue of $36.18 million during the quarter. Equities research analysts predict that AstroNova will post 0.9 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in ALOT. Cavalier Investments LLC purchased a new stake in AstroNova in the second quarter valued at about $41,000. Acadian Asset Management LLC raised its stake in shares of AstroNova by 337.0% in the second quarter. Acadian Asset Management LLC now owns 6,289 shares of the business services provider’s stock worth $162,000 after purchasing an additional 4,850 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of AstroNova by 7.3% in the second quarter. Wells Fargo & Company MN now owns 6,992 shares of the business services provider’s stock worth $180,000 after purchasing an additional 474 shares during the last quarter. Corrado Advisors LLC purchased a new position in shares of AstroNova in the second quarter worth about $196,000. Finally, LPL Financial LLC purchased a new position in shares of AstroNova in the second quarter worth about $246,000. Institutional investors own 59.84% 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, Canada, Asia, Europe, Central and South America, and internationally. The company operates through two segments, Product Identification and Test & Measurement (T&M).

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