Astrotech (NASDAQ:ASTC) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Astrotech (NASDAQ:ASTCGet 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:ASTCGet 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

In other Astrotech news, major shareholder Braden Michael Leonard purchased 100,000 shares of the business’s stock in a transaction on Friday, September 23rd. The stock was bought at an average cost of $0.43 per share, with a total value of $43,000.00. Following the acquisition, the insider now owns 5,481,382 shares of the company’s stock, valued at $2,356,994.26. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders acquired 728,167 shares of company stock valued at $310,025. 9.70% of the stock is owned by insiders.

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.

About Astrotech

(Get Rating)

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.

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