AstroNova, Inc. (NASDAQ:ALOT) Short Interest Update

AstroNova, Inc. (NASDAQ:ALOT) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 11,886 shares, an increase of 47.5% from the December 31st total of 8,060 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 13,237 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 13,237 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the company’s stock are short sold.

AstroNova Price Performance

Shares of NASDAQ:ALOT opened at $9.02 on Tuesday. The company has a market cap of $68.89 million, a price-to-earnings ratio of -4.04 and a beta of 0.73. The business has a 50 day moving average price of $8.50 and a 200 day moving average price of $9.62. The company has a quick ratio of 0.71, a current ratio of 1.82 and a debt-to-equity ratio of 0.25. AstroNova has a twelve month low of $6.96 and a twelve month high of $12.68.

AstroNova (NASDAQ:ALOT) last issued its quarterly earnings results on Wednesday, December 10th. The business services provider reported $0.20 EPS for the quarter. AstroNova had a positive return on equity of 2.48% and a negative net margin of 11.20%.The company had revenue of $39.17 million for the quarter. During the same period in the prior year, the firm earned $0.06 earnings per share.

Institutional Trading of AstroNova

Institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP bought a new position in AstroNova during the third quarter worth about $143,000. Mink Brook Asset Management LLC raised its holdings in shares of AstroNova by 0.4% in the 3rd quarter. Mink Brook Asset Management LLC now owns 380,861 shares of the business services provider’s stock worth $3,900,000 after buying an additional 1,500 shares in the last quarter. Peapod Lane Capital LLC raised its holdings in shares of AstroNova by 6.1% in the 3rd quarter. Peapod Lane Capital LLC now owns 130,361 shares of the business services provider’s stock worth $1,335,000 after buying an additional 7,517 shares in the last quarter. Vanguard Group Inc. lifted its position 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 buying an additional 9,533 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its stake in AstroNova by 10.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 140,739 shares of the business services provider’s stock valued at $1,441,000 after buying an additional 12,992 shares in the last quarter. Institutional investors and hedge funds own 43.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AstroNova in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

AstroNova Company Profile

AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high‐speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission‐critical applications that require reliable data capture or product identification across complex supply chains.

Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.