AstroNova (NASDAQ:ALOT) Stock Crosses Above 200 Day Moving Average – What’s Next?

AstroNova, Inc. (NASDAQ:ALOT)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.94 and traded as high as $15.69. AstroNova shares last traded at $15.02, with a volume of 170,105 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of AstroNova to a “buy” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

AstroNova Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.72 and a current ratio of 1.84. The stock has a market capitalization of $115.50 million, a PE ratio of -48.45 and a beta of 0.95. The business’s 50-day moving average price is $12.20 and its 200 day moving average price is $9.94.

AstroNova (NASDAQ:ALOT) last posted its quarterly earnings data on Tuesday, April 14th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). AstroNova had a positive return on equity of 1.53% and a negative net margin of 1.58%.The company had revenue of $37.54 million for the quarter, compared to the consensus estimate of $29.19 million.

Institutional Trading of AstroNova

Hedge funds have recently made changes to their positions in the stock. DRW Securities LLC bought a new stake in shares of AstroNova during the 4th quarter worth $125,000. Jane Street Group LLC bought a new stake in shares of AstroNova during the 2nd quarter worth $140,000. Susquehanna International Group LLP bought a new stake in shares of AstroNova during the 3rd quarter worth $143,000. Geode Capital Management LLC lifted its holdings in shares of AstroNova by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 80,663 shares of the business services provider’s stock worth $698,000 after acquiring an additional 2,179 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of AstroNova by 1.2% during the 4th quarter. Renaissance Technologies LLC now owns 103,749 shares of the business services provider’s stock worth $897,000 after acquiring an additional 1,207 shares during the last quarter. 43.02% of the stock is owned by institutional investors.

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.