AstroNova (ALOT) Downgraded by Zacks Investment Research

AstroNova (NASDAQ:ALOT) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

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. “

Separately, ValuEngine downgraded shares of AstroNova from a “buy” rating to a “hold” rating in a research report on Monday, April 1st.

NASDAQ:ALOT traded up $0.11 on Wednesday, reaching $26.45. 82,641 shares of the stock traded hands, compared to its average volume of 23,454. The company has a market capitalization of $177.60 million, a PE ratio of 32.26, a P/E/G ratio of 2.23 and a beta of 0.32. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.32 and a current ratio of 2.54. AstroNova has a 1-year low of $16.74 and a 1-year high of $27.96.

AstroNova (NASDAQ:ALOT) last released its earnings results on Thursday, March 14th. The business services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.18. The business had revenue of $37.17 million during the quarter. AstroNova had a net margin of 4.19% and a return on equity of 8.67%. Research analysts predict that AstroNova will post 0.95 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in AstroNova by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 558,106 shares of the business services provider’s stock worth $12,055,000 after acquiring an additional 17,898 shares in the last quarter. Renaissance Technologies LLC raised its position in AstroNova by 9.6% during the third quarter. Renaissance Technologies LLC now owns 218,600 shares of the business services provider’s stock worth $4,722,000 after acquiring an additional 19,150 shares in the last quarter. Vanguard Group Inc. raised its position in AstroNova by 8.7% during the third quarter. Vanguard Group Inc. now owns 289,238 shares of the business services provider’s stock worth $6,248,000 after acquiring an additional 23,155 shares in the last quarter. Vanguard Group Inc raised its position in AstroNova by 8.7% during the third quarter. Vanguard Group Inc now owns 289,238 shares of the business services provider’s stock worth $6,248,000 after acquiring an additional 23,155 shares in the last quarter. Finally, Boston Partners bought a new stake in AstroNova during the fourth quarter worth $1,023,000. 59.23% of the stock is owned by institutional investors.

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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