AstroNova (NASDAQ:ALOT) Stock Crosses Above 200-Day Moving Average – Time to Sell?

AstroNova, Inc. (NASDAQ:ALOT)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.46 and traded as high as $9.59. AstroNova shares last traded at $9.51, with a volume of 11,461 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AstroNova in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

AstroNova Stock Up 2.0%

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.82 and a quick ratio of 0.71. The firm has a market cap of $72.66 million, a P/E ratio of -4.26 and a beta of 0.73. The firm’s 50-day moving average price is $9.00 and its 200 day moving average price is $9.46.

AstroNova (NASDAQ:ALOT) last released its earnings results on Wednesday, December 10th. The business services provider reported $0.20 EPS for the quarter. The company had revenue of $39.17 million for the quarter. AstroNova had a positive return on equity of 2.48% and a negative net margin of 11.20%.During the same period in the prior year, the business earned $0.06 EPS.

Institutional Trading of AstroNova

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in AstroNova during the second quarter valued at $140,000. Susquehanna International Group LLP acquired a new position in shares of AstroNova in the 3rd quarter valued at about $143,000. DRW Securities LLC bought a new stake in shares of AstroNova during the 4th quarter valued at about $125,000. Geode Capital Management LLC raised 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 worth $859,000 after acquiring an additional 1,036 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in AstroNova by 1.2% in the fourth quarter. Renaissance Technologies LLC now owns 103,749 shares of the business services provider’s stock worth $897,000 after acquiring an additional 1,207 shares during the last quarter. Institutional investors own 43.02% of the company’s stock.

About AstroNova

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.