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

AstroNova, Inc. (NASDAQ:ALOT)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.98 and traded as high as $28.65. AstroNova shares last traded at $28.62, with a volume of 104,915 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of AstroNova from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

AstroNova Stock Up 0.1%

The firm’s fifty day moving average is $21.27 and its two-hundred day moving average is $13.98. The firm has a market cap of $221.81 million, a price-to-earnings ratio of -158.99 and a beta of 0.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 0.73.

AstroNova (NASDAQ:ALOT) last released its earnings results on Monday, June 8th. The business services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.05 by $0.14. The firm had revenue of $39.36 million for the quarter, compared to analysts’ expectations of $30.67 million. AstroNova had a negative net margin of 0.88% and a positive return on equity of 2.94%. During the same quarter last year, the company earned ($0.05) EPS.

Institutional Investors Weigh In On AstroNova

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in shares of AstroNova during the 2nd quarter valued at $140,000. Susquehanna International Group LLP acquired a new stake in shares of AstroNova in the third quarter valued at $143,000. DRW Securities LLC acquired a new stake in shares of AstroNova in the fourth quarter valued at $125,000. Marquette Asset Management LLC bought a new position in AstroNova during the second quarter valued at about $542,000. Finally, Geode Capital Management LLC boosted its stake in AstroNova by 1.4% during the second quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider’s stock valued at $859,000 after buying an additional 1,036 shares in the last quarter. 43.02% of the stock is currently owned by institutional investors and hedge funds.

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.