AstroNova (NASDAQ:ALOT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “AstroNova, Inc. provides data visualization technologies. The company designs, manufactures, distributes and services products which acquire, store, analyze and present data in multiple formats. The Product Identification segment offers hardware and software products and associated consumables. Test and Measurement segment includes suite of products and services which acquire and record electronic signal data from local and networked sensors. Its brand includes QuickLabel(R). AstroNova, Inc., formerly known as Astro-Med, Inc., is based in WEST WARWICK, United States. “

Shares of ALOT opened at $20.03 on Thursday. The company has a market capitalization of $143.57 million, a PE ratio of 31.79, a price-to-earnings-growth ratio of 2.65 and a beta of 0.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.73 and a quick ratio of 1.44. AstroNova has a fifty-two week low of $12.70 and a fifty-two week high of $23.95.

AstroNova (NASDAQ:ALOT) last announced its quarterly earnings data on Wednesday, November 21st. The business services provider reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.09. The firm had revenue of $34.20 million during the quarter. AstroNova had a net margin of 3.07% and a return on equity of 7.91%. Equities research analysts expect that AstroNova will post 0.47 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in ALOT. O Shaughnessy Asset Management LLC lifted its holdings in shares of AstroNova by 101.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 14,228 shares of the business services provider’s stock worth $307,000 after acquiring an additional 7,160 shares during the last quarter. BlackRock Inc. raised its holdings in AstroNova by 37.0% during the 2nd quarter. BlackRock Inc. now owns 22,215 shares of the business services provider’s stock valued at $419,000 after buying an additional 6,002 shares during the last quarter. FMR LLC bought a new stake in AstroNova during the 2nd quarter valued at $864,000. Boston Partners bought a new stake in AstroNova during the 4th quarter valued at $1,023,000. Finally, Royce & Associates LP raised its holdings in AstroNova by 41.9% during the 3rd quarter. Royce & Associates LP now owns 92,100 shares of the business services provider’s stock valued at $1,989,000 after buying an additional 27,200 shares during the last quarter. Hedge funds and other institutional investors own 59.09% of the company’s stock.

About AstroNova

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Canada, Asia, Europe, Central and South America, and internationally. The company operates through two segments, Product Identification and Test & Measurement (T&M).

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