Analysts at StockNews.com started coverage on shares of Astrotech (NASDAQ:ASTC – Get Rating) in a research report issued to clients and investors on Monday. The firm set a “sell” rating on the aerospace company’s stock.
Astrotech Stock Up 10.0 %
ASTC stock opened at $0.40 on Monday. The company has a market capitalization of $20.30 million, a P/E ratio of -2.23 and a beta of -0.64. The company has a 50-day simple moving average of $0.42 and a 200 day simple moving average of $0.46. Astrotech has a fifty-two week low of $0.33 and a fifty-two week high of $0.85.
Astrotech (NASDAQ:ASTC – Get Rating) last issued its quarterly earnings results on Wednesday, September 14th. The aerospace company reported ($0.04) earnings per share for the quarter. Astrotech had a negative net margin of 1,226.53% and a negative return on equity of 16.29%. The business had revenue of $0.02 million during the quarter.
Insider Buying and Selling at Astrotech
Institutional Trading of Astrotech
Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in Astrotech during the 1st quarter worth about $56,000. Renaissance Technologies LLC raised its holdings in Astrotech by 173.4% during the 3rd quarter. Renaissance Technologies LLC now owns 158,589 shares of the aerospace company’s stock worth $70,000 after buying an additional 100,589 shares during the period. Finally, Marquette Asset Management LLC raised its holdings in Astrotech by 33.0% during the 2nd quarter. Marquette Asset Management LLC now owns 367,864 shares of the aerospace company’s stock worth $158,000 after buying an additional 91,183 shares during the period. Institutional investors and hedge funds own 6.69% of the company’s stock.
Astrotech Corporation operates as a mass spectrometry company worldwide. It owns and licenses the intellectual property related to the Astrotech Mass Spectrometer Technology, a platform mass spectrometry technology. The company also develops TRACER 1000, a mass spectrometer-based explosive trace detector to replace the explosives trace detectors used at airports, cargo and other secured facilities, and borders.
- Get a free copy of the StockNews.com research report on Astrotech (ASTC)
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