AstroNova Inc (ALOT)’s Stock Formed A Several Months Bearish Double Bottom Pattern

June 19, 2017 - By Adrian Mccoy

Investors sentiment increased to 1.38 in 2016 Q4. Its up 0.56, from 0.82 in 2016Q3. It is positive, as 1 investors sold AstroNova Inc shares while 7 reduced holdings. 2 funds opened positions while 9 raised stakes. 3.52 million shares or 3.53% more from 3.40 million shares in 2016Q3 were reported.
Parkside Fin Bancshares And Trust has invested 0.01% of its portfolio in AstroNova Inc (NASDAQ:ALOT). 11,438 are held by Bancorp Of Mellon. Moreover, Blackrock Fund Advisors has 0% invested in AstroNova Inc (NASDAQ:ALOT) for 17,006 shares. Ariel Invests Limited Liability Com invested 0.15% in AstroNova Inc (NASDAQ:ALOT). The New York-based Shufro Rose Limited Liability Com has invested 0.02% in AstroNova Inc (NASDAQ:ALOT). Wells Fargo & Commerce Mn owns 1 shares for 0% of their portfolio. Nationwide Fund Advsrs accumulated 765 shares or 0% of the stock. Morgan Stanley accumulated 0% or 4,831 shares. Grace & White Inc holds 108,086 shares or 0.33% of its portfolio. New York-based Tower Rech Cap Limited Liability Company (Trc) has invested 0% in AstroNova Inc (NASDAQ:ALOT). Commonwealth Equity Services holds 10,310 shares. Punch And Assocs Mgmt Inc accumulated 118,735 shares or 0.17% of the stock. North Star Mngmt holds 0.11% or 53,487 shares in its portfolio. Vanguard Grp accumulated 122,349 shares or 0% of the stock. Dimensional Fund Advsrs Ltd Partnership has invested 0% in AstroNova Inc (NASDAQ:ALOT).

Since March 20, 2017, it had 0 insider buys, and 3 sales for $11.28 million activity. Albert W. Ondis Declaration of Trust sold $11.24 million worth of stock or 826,305 shares. Pizzuti Eric E also sold $23,577 worth of AstroNova Inc (NASDAQ:ALOT) shares. The insider Natalizia Michael J sold 1,600 shares worth $23,606.

The chart of AstroNova Inc (ALOT) shows a double bottom with $12.86 target or 4.00 % below today’s $13.40 share price. The 6 months chart pattern indicates high risk for the $99.35 million company. It was reported on Jun, 19 by Finviz.com. If the $12.86 price target is reached, the company will be worth $3.97M less. Double bottoms are rare but powerful chart patterns.

It closed at $13.4 lastly. It is down 1.05% since June 19, 2016 and is downtrending. It has underperformed by 17.75% the S&P500.

More notable recent AstroNova Inc (NASDAQ:ALOT) news were published by: Businesswire.com which released: “Business Unveils New QL-240 Tabletop Printer” on May 05, 2017, also Businesswire.com with their article: “AstroNova Wins Contract with Boeing to Supply ToughWriter 5” published on July 08, 2016, Seekingalpha.com published: “AstroNova’s (ALOT) CEO Gregory Woods on Q1 2017 Results – Earnings Call Transcript” on May 16, 2017. More interesting news about AstroNova Inc (NASDAQ:ALOT) were released by: Businesswire.com and their article: “AstroNova Wins Exclusive Contract with China Electronics Technology Avionics …” published on May 15, 2017 as well as Globenewswire.com‘s news article titled: “AstroNova, Inc. (Nasdaq: ALOT) to Ring The Nasdaq Stock Market Opening Bell” with publication date: May 26, 2016.

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