Astrotech (NASDAQ:ASTC) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Astrotech Corporation (NASDAQ:ASTC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.51 and traded as high as $11.01. Astrotech shares last traded at $9.75, with a volume of 342,282 shares traded.

Wall Street Analyst Weigh In

Several research firms have commented on ASTC. Wall Street Zen upgraded Astrotech from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. Weiss Ratings upgraded shares of Astrotech from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Astrotech Trading Down 7.2%

The company has a market capitalization of $15.69 million, a PE ratio of -1.04 and a beta of 4.86. The company’s 50 day moving average price is $12.77 and its 200-day moving average price is $7.55.

Astrotech (NASDAQ:ASTC) last issued its earnings results on Wednesday, May 13th. The aerospace company reported ($2.25) earnings per share for the quarter. Astrotech had a negative return on equity of 81.85% and a negative net margin of 1,397.82%.The firm had revenue of $0.34 million during the quarter.

Hedge Funds Weigh In On Astrotech

A number of large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Astrotech during the 2nd quarter worth approximately $220,000. DRW Securities LLC lifted its position in Astrotech by 168.5% during the fourth quarter. DRW Securities LLC now owns 31,464 shares of the aerospace company’s stock valued at $109,000 after buying an additional 19,747 shares in the last quarter. Susquehanna International Group LLP acquired a new position in Astrotech during the third quarter valued at approximately $66,000. SCS Capital Management LLC purchased a new stake in Astrotech during the second quarter worth approximately $120,000. Finally, J. Safra Sarasin Holding AG purchased a new stake in Astrotech during the first quarter worth approximately $140,000. 24.35% of the stock is currently owned by hedge funds and other institutional investors.

About Astrotech

Astrotech Corp. (NASDAQ: ASTC) is a technology commercialization company headquartered near Austin, Texas. The firm sources early-stage innovations from government and university research programs—most notably from NASA—and advances them toward commercial readiness. Astrotech’s core mission is to bridge the gap between federally funded R&D and industrial applications across the life sciences and renewable energy sectors.

In its life sciences division, Astrotech has focused on mass spectrometry-based analytical instruments and diagnostic platforms.