Astrotech Corp (NASDAQ:ASTC) Given Consensus Rating of “Strong Buy” by Analysts
Astrotech Corp (NASDAQ:ASTC) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 12 month consensus target price of $5.00 for the company, according to Zacks. Zacks has also given Astrotech an industry rank of 78 out of 256 based on the ratings given to related companies.
Separately, ValuEngine cut Astrotech from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th.
An institutional investor recently raised its position in Astrotech stock. BlackRock Inc. raised its holdings in shares of Astrotech Corp (NASDAQ:ASTC) by 13,099.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,662 shares of the aerospace company’s stock after acquiring an additional 190,210 shares during the quarter. BlackRock Inc. owned approximately 4.68% of Astrotech worth $914,000 as of its most recent SEC filing. 5.21% of the stock is currently owned by institutional investors.
Astrotech Corporation operates as a science and technology development and commercialization company in the United States. It operates through two segments, Astro Scientific and Astral Images Corporation. The Astro Scientific segment manufactures chemical detection and analysis instrumentation that detects and identifies trace amounts of explosives and narcotics.
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