AstroNova (NASDAQ:ALOT) Issues Earnings Results

AstroNova (NASDAQ:ALOT) issued its quarterly earnings data on Wednesday. The business services provider reported $0.05 earnings per share for the quarter, RTT News reports. AstroNova had a negative net margin of 11.20% and a positive return on equity of 1.09%.

AstroNova Trading Up 2.4%

AstroNova stock opened at $7.18 on Wednesday. AstroNova has a 52 week low of $6.96 and a 52 week high of $17.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 1.71. The firm has a market capitalization of $54.84 million, a PE ratio of -3.19 and a beta of 0.75. The business’s 50-day simple moving average is $8.87 and its 200-day simple moving average is $9.97.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in shares of AstroNova in the second quarter worth $140,000. Susquehanna International Group LLP bought a new stake in AstroNova in the 3rd quarter valued at $143,000. Geode Capital Management LLC grew its position in AstroNova by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider’s stock worth $859,000 after purchasing an additional 1,036 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of AstroNova by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 352,131 shares of the business services provider’s stock worth $3,606,000 after purchasing an additional 9,533 shares during the period. 43.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of AstroNova in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

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).