Astrotech (NASDAQ:ASTC) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Astrotech (NASDAQ:ASTC) from a strong sell rating to a sell rating in a report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Astrotech in a research note on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Astrotech has a consensus rating of “Sell”.

Astrotech Stock Performance

Shares of ASTC stock opened at $5.04 on Friday. Astrotech has a fifty-two week low of $1.91 and a fifty-two week high of $68.85. The stock has a 50 day moving average price of $6.77 and a two-hundred day moving average price of $8.97. The company has a market capitalization of $10.13 million, a P/E ratio of -0.59 and a beta of 4.91.

Institutional Trading of Astrotech

A number of institutional investors have recently modified their holdings of ASTC. BlackRock Inc. bought a new stake in shares of Astrotech in the second quarter worth about $220,000. J. Safra Sarasin Holding AG purchased a new position in Astrotech during the 1st quarter valued at about $140,000. Finally, SCS Capital Management LLC bought a new position in Astrotech during the 2nd quarter valued at approximately $120,000. 24.35% of the stock is currently owned by hedge funds and other institutional investors.

Astrotech Company Profile

Astrotech Corporation (NASDAQ: ASTC) is a technology company focused on the development and commercialization of mass spectrometry systems. Through its subsidiaries, the company designs compact analytical instruments intended to identify and measure chemical compounds in applications including security, defense, industrial testing, agriculture and breath analysis.

Astrotech’s technology portfolio has included products such as the TRACER 1000 explosives and narcotics detection system, AgLAB instruments for agricultural and industrial analysis, and BreathTech systems designed to analyze compounds in human breath.