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

AstroNova, Inc. (NASDAQ:ALOT) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.70 and traded as low as $9.36. AstroNova shares last traded at $9.41, with a volume of 5,801 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AstroNova in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, AstroNova currently has a consensus rating of “Sell”.

AstroNova Stock Performance

The company has a current ratio of 1.82, a quick ratio of 0.71 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average is $8.39 and its two-hundred day moving average is $9.70. The stock has a market capitalization of $71.89 million, a P/E ratio of -4.22 and a beta of 0.73.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ALOT. Mink Brook Asset Management LLC raised its stake in shares of AstroNova by 0.4% during the third quarter. Mink Brook Asset Management LLC now owns 380,861 shares of the business services provider’s stock valued at $3,900,000 after purchasing an additional 1,500 shares in the last quarter. Vanguard Group Inc. raised 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 in the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of AstroNova by 10.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 140,739 shares of the business services provider’s stock worth $1,441,000 after buying an additional 12,992 shares in the last quarter. Peapod Lane Capital LLC lifted its stake 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 acquiring an additional 7,517 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of AstroNova by 1.4% in the second quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider’s stock valued at $859,000 after acquiring an additional 1,036 shares in the last quarter. Institutional investors own 43.02% of the company’s stock.

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.