AstroNova (NASDAQ:ALOT) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of AstroNova, Inc. (NASDAQ:ALOT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.94 and traded as high as $15.69. AstroNova shares last traded at $15.02, with a volume of 170,105 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of AstroNova to a “buy” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, AstroNova currently has a consensus rating of “Sell”.

AstroNova Price Performance

The company has a quick ratio of 0.72, a current ratio of 1.84 and a debt-to-equity ratio of 0.24. The business’s 50-day simple moving average is $12.46 and its 200 day simple moving average is $10.02. The firm has a market capitalization of $120.12 million, a P/E ratio of -50.39 and a beta of 0.95.

AstroNova (NASDAQ:ALOT) last issued its quarterly earnings results on Tuesday, April 14th. The business services provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). AstroNova had a negative net margin of 1.58% and a positive return on equity of 1.53%. The business had revenue of $37.54 million for the quarter, compared to the consensus estimate of $29.19 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its position 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 valued at $859,000 after acquiring an additional 1,036 shares during the last quarter. Renaissance Technologies LLC grew its position in AstroNova by 1.2% during the fourth quarter. Renaissance Technologies LLC now owns 103,749 shares of the business services provider’s stock valued at $897,000 after acquiring an additional 1,207 shares during the last quarter. Mink Brook Asset Management LLC grew its position in AstroNova by 0.4% during the third quarter. Mink Brook Asset Management LLC now owns 380,861 shares of the business services provider’s stock valued at $3,900,000 after acquiring an additional 1,500 shares during the last quarter. Peapod Lane Capital LLC grew its position in AstroNova by 6.1% during the third quarter. Peapod Lane Capital LLC now owns 130,361 shares of the business services provider’s stock valued at $1,335,000 after acquiring an additional 7,517 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of AstroNova by 2.8% during the third quarter. Vanguard Group Inc. now owns 352,131 shares of the business services provider’s stock valued at $3,606,000 after purchasing an additional 9,533 shares during the period. 43.02% of the stock is currently owned by institutional investors.

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.