Is AstroNova, Inc. (ALOT) a Buy? The Stock Reaches 52-Week High Today

March 21, 2018 - By Marguerite Chambers

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.29, from 1.09 in 2017Q2. It dropped, as 4 investors sold AstroNova, Inc. shares while 11 reduced holdings. 3 funds opened positions while 9 raised stakes. 3.68 million shares or 2.85% more from 3.58 million shares in 2017Q2 were reported.
Berson And Corrado Ltd Company reported 20,180 shares or 0.15% of all its holdings. Punch Associates invested in 349,220 shares. 11,197 are owned by Girard Partners. Moreover, Royal Fincl Bank Of Canada has 0% invested in AstroNova, Inc. (NASDAQ:ALOT) for 8 shares. Geode Mngmt Llc reported 91,679 shares. Kennedy has invested 0.05% in AstroNova, Inc. (NASDAQ:ALOT). Ariel Invests Limited Co holds 748,142 shares or 0.11% of its portfolio. California Pub Employees Retirement Sys reported 19,382 shares stake. State Common Retirement Fund invested in 146,572 shares. Grace & White holds 0.28% or 105,386 shares in its portfolio. Albert D Mason reported 0.15% stake. Deutsche National Bank Ag has invested 0% of its portfolio in AstroNova, Inc. (NASDAQ:ALOT). Wellington Gp Limited Liability Partnership stated it has 279,497 shares. Morgan Stanley, New York-based fund reported 4,682 shares. Sei Invests Com holds 0% of its portfolio in AstroNova, Inc. (NASDAQ:ALOT) for 250 shares.

Since December 18, 2017, it had 0 insider purchases, and 1 sale for $70,290 activity.

The stock of AstroNova, Inc. (NASDAQ:ALOT) hit a new 52-week high and has $16.46 target or 9.00 % above today’s $15.10 share price. The 9 months bullish chart indicates low risk for the $102.09M company. The 1-year high was reported on Mar, 21 by If the $16.46 price target is reached, the company will be worth $9.19 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.14% or $0.17 during the last trading session, reaching $15.1. About 46,757 shares traded or 161.87% up from the average. AstroNova, Inc. (NASDAQ:ALOT) has declined 1.05% since March 21, 2017 and is downtrending. It has underperformed by 17.75% the S&P500.

AstroNova, Inc. designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Canada, and Western Europe. The company has market cap of $102.09 million. The firm operates in two divisions, Product Identification and Test & Measurement. It has a 32.13 P/E ratio. The Product Identification segment offers digital color label printers and specialty OEM printing systems; and consumables, such as labels, tags, inks, toner, and thermal transfer ribbons, as well as software used to design and print labels under the QuickLabel brand.

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