Astrotech (NASDAQ:ASTC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Astrotech (NASDAQ:ASTC) from a strong sell rating to a sell rating in a research report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Astrotech in a research note on Monday, August 24th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has a consensus rating of “Sell”.

Astrotech Stock Down 0.6%

ASTC opened at $5.01 on Friday. The firm has a market cap of $10.07 million, a P/E ratio of -0.59 and a beta of 4.91. The business’s fifty day simple moving average is $6.72 and its 200 day simple moving average is $7.18. Astrotech has a 52 week low of $1.91 and a 52 week high of $68.85.

Institutional Trading of Astrotech

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Astrotech in the 2nd quarter valued at about $220,000. SCS Capital Management LLC purchased a new position in shares of Astrotech during the 2nd quarter worth about $120,000. Finally, J. Safra Sarasin Holding AG purchased a new position in shares of Astrotech during the 1st quarter worth about $140,000. 24.35% of the stock is owned by institutional investors and hedge funds.

About Astrotech

Astrotech Corporation is a technology development and commercialization company headquartered in Austin, Texas. The company focuses on mass spectrometry and related analytical technologies designed to identify and measure chemical compounds in applications including security, agriculture, industrial processing and human health.

Astrotech operates through subsidiaries that develop specialized products. 1st Detect Corporation develops portable mass spectrometers for detecting and identifying trace chemicals, including explosives and other hazardous substances.