Short Interest in AstroNova, Inc. (NASDAQ:ALOT) Decreases By 43.1%

AstroNova, Inc. (NASDAQ:ALOT) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 6,767 shares, a decrease of 43.1% from the January 15th total of 11,886 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 8,244 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 8,244 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALOT. DRW Securities LLC bought a new stake in shares of AstroNova during the fourth quarter valued at approximately $125,000. Renaissance Technologies LLC grew its stake in AstroNova by 1.2% during the fourth quarter. Renaissance Technologies LLC now owns 103,749 shares of the business services provider’s stock valued at $897,000 after acquiring an additional 1,207 shares in the last quarter. Geode Capital Management LLC grew its stake in AstroNova by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 80,663 shares of the business services provider’s stock valued at $698,000 after acquiring an additional 2,179 shares in the last quarter. Susquehanna International Group LLP bought a new stake in AstroNova in the 3rd quarter valued at $143,000. Finally, Mink Brook Asset Management LLC lifted its stake in AstroNova by 0.4% in the 3rd quarter. Mink Brook Asset Management LLC now owns 380,861 shares of the business services provider’s stock worth $3,900,000 after purchasing an additional 1,500 shares in the last quarter. 43.02% of the stock is currently owned by institutional investors.

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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

AstroNova Trading Down 4.2%

Shares of AstroNova stock opened at $9.32 on Friday. AstroNova has a fifty-two week low of $6.96 and a fifty-two week high of $12.68. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.71 and a current ratio of 1.82. The company has a market capitalization of $71.20 million, a P/E ratio of -4.18 and a beta of 0.73. The company has a fifty day moving average of $8.78 and a 200 day moving average of $9.54.

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

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.