AstroNova (NASDAQ:ALOT) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

AstroNova, Inc. (NASDAQ:ALOT) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.46 and traded as high as $9.59. AstroNova shares last traded at $9.51, with a volume of 11,461 shares.

Analysts Set New Price Targets

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

AstroNova Stock Up 2.0%

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.82 and a quick ratio of 0.71. The company has a market cap of $72.66 million, a price-to-earnings ratio of -4.26 and a beta of 0.73. The firm’s 50-day moving average price is $9.00 and its 200-day moving average price is $9.46.

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

Hedge Funds Weigh In On AstroNova

Hedge funds and other institutional investors have recently bought and sold shares of the stock. DRW Securities LLC acquired a new stake in AstroNova in the fourth quarter valued at approximately $125,000. Jane Street Group LLC purchased a new position in shares of AstroNova in the second quarter valued at $140,000. Susquehanna International Group LLP acquired a new stake in AstroNova during the 3rd quarter valued at $143,000. Geode Capital Management LLC grew its holdings in AstroNova by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 80,663 shares of the business services provider’s stock valued at $698,000 after purchasing an additional 2,179 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in 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 buying an additional 1,207 shares during the period. 43.02% of the stock is owned by institutional investors and hedge funds.

About AstroNova

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.