What’s Propelling AstroNova, Inc. (ALOT) to Reach All-Time High?

April 16, 2018 - By Stephen Andrade

AstroNova, Inc. (NASDAQ:ALOT) Logo

Investors sentiment increased to 1.56 in 2017 Q4. Its up 0.76, from 0.8 in 2017Q3. It improved, as 2 investors sold AstroNova, Inc. shares while 7 reduced holdings. 4 funds opened positions while 10 raised stakes. 3.71 million shares or 0.93% more from 3.68 million shares in 2017Q3 were reported.
Morgan Stanley reported 3,750 shares. State Common Retirement Fund reported 146,572 shares. Bridgeway Capital Management Incorporated reported 0.01% in AstroNova, Inc. (NASDAQ:ALOT). Royal Bancorporation Of Canada owns 2 shares. Vanguard Group holds 0% or 278,911 shares. Northern Tru Corp holds 0% or 32,508 shares in its portfolio. Renaissance Ltd has invested 0% in AstroNova, Inc. (NASDAQ:ALOT). North Star Invest Management invested in 0.16% or 97,450 shares. Moreover, Girard Ptnrs Limited has 0.03% invested in AstroNova, Inc. (NASDAQ:ALOT). Salem Investment Counselors holds 0.21% or 139,345 shares in its portfolio. Punch & Assocs Inc invested in 0.42% or 349,220 shares. Grace And White Inc Ny stated it has 0.29% of its portfolio in AstroNova, Inc. (NASDAQ:ALOT). Deutsche Financial Bank Ag stated it has 0% in AstroNova, Inc. (NASDAQ:ALOT). Moreover, Albert D Mason has 0.15% invested in AstroNova, Inc. (NASDAQ:ALOT) for 14,567 shares. 279,497 were accumulated by Wellington Mngmt Gru Llp.

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

The stock of AstroNova, Inc. (NASDAQ:ALOT) reached all time high today, Apr, 16 and still has $18.37 target or 6.00 % above today’s $17.33 share price. This indicates more upside for the $117.84 million company. This technical setup was reported by Barchart.com. If the $18.37 PT is reached, the company will be worth $7.07 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.56% or $0.43 during the last trading session, reaching $17.33. About 18,431 shares traded. AstroNova, Inc. (NASDAQ:ALOT) has risen 4.32% since April 16, 2017 and is uptrending. It has underperformed by 7.23% 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 $117.84 million. The firm operates in two divisions, Product Identification and Test & Measurement. It has a 36.88 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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