AstroNova (NASDAQ:ALOT) announced its quarterly earnings results on Thursday. The business services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.18, Morningstar.com reports. AstroNova had a return on equity of 7.91% and a net margin of 3.07%. The company had revenue of $37.17 million during the quarter.
Shares of NASDAQ ALOT traded down $0.40 during trading hours on Friday, hitting $19.50. 2,429 shares of the company’s stock were exchanged, compared to its average volume of 11,869. AstroNova has a 1-year low of $13.76 and a 1-year high of $23.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.44 and a current ratio of 2.73. The stock has a market capitalization of $120.72 million, a PE ratio of 30.94, a P/E/G ratio of 1.89 and a beta of 0.21.
Separately, Zacks Investment Research cut AstroNova from a “buy” rating to a “hold” rating in a research report on Monday.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in AstroNova by 37.0% during the second quarter. BlackRock Inc. now owns 22,215 shares of the business services provider’s stock valued at $419,000 after acquiring an additional 6,002 shares during the period. O Shaughnessy Asset Management LLC increased its stake in AstroNova by 101.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 14,228 shares of the business services provider’s stock valued at $307,000 after acquiring an additional 7,160 shares during the period. Dimensional Fund Advisors LP increased its stake in AstroNova by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 558,106 shares of the business services provider’s stock valued at $12,055,000 after acquiring an additional 17,898 shares during the period. Royce & Associates LP increased its stake in AstroNova by 41.9% during the third quarter. Royce & Associates LP now owns 92,100 shares of the business services provider’s stock valued at $1,989,000 after acquiring an additional 27,200 shares during the period. Finally, Renaissance Technologies LLC increased its stake in AstroNova by 9.6% during the third quarter. Renaissance Technologies LLC now owns 218,600 shares of the business services provider’s stock valued at $4,722,000 after acquiring an additional 19,150 shares during the period. 57.90% of the stock is owned by institutional investors and hedge funds.
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AstroNova Company Profile
AstroNova, Inc designs, develops, manufactures, and sells specialty printers & data acquisition and analysis systems. It provides its services to aerospace, apparel, automotive, avionics, chemicals, computer peripherals, communications, distribution, food and beverage, general manufacturing, packaging and transportation industries.
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