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

AstroNova, Inc. (NASDAQ:ALOT)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of AstroNova to a “buy” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

AstroNova Stock Performance

The company’s 50 day moving average price is $12.20 and its 200-day moving average price is $9.94. 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 company has a market cap of $115.50 million, a PE ratio of -48.45 and a beta of 0.95.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ALOT. DRW Securities LLC purchased a new position in AstroNova in the 4th quarter valued at approximately $125,000. Jane Street Group LLC purchased a new position in AstroNova in the 2nd quarter valued at approximately $140,000. Susquehanna International Group LLP purchased a new position in AstroNova in the 3rd quarter valued at approximately $143,000. Geode Capital Management LLC grew its stake in AstroNova by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 80,663 shares of the business services provider’s stock valued at $698,000 after buying an additional 2,179 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in AstroNova by 1.2% in the 4th quarter. Renaissance Technologies LLC now owns 103,749 shares of the business services provider’s stock valued at $897,000 after buying an additional 1,207 shares in the last quarter. 43.02% of the stock is currently owned by hedge funds and other 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.