Sidoti Initiates Coverage on Astro-Med With a Buy
Astro-Med, Inc. (NASDAQ: ALOT), a manufacturer of high tech specialty printers and consumables, is pleased to announce that Sidoti & Company, LLC initiated coverage on shares of Astro-Med in a research report. The firm set a BUY rating on ALOT stock.
Astro-Med has a 52-week low of $8.23 and a 52-week high of $12.39. The stock has a 50-day moving average of $11.63 and a 200-day moving average of $11.01. The company has a market cap of $88.1 million and a PE ratio of 9.69. Astro-Med released their Fiscal Second Quarter earnings on August 29. They reported $0.09 EPS for the quarter. Revenue was reported at $17.20 million for the quarter, compared to the prior year’s second quarter of $14.66 million.
About Astro-Med, Inc.
Astro-Med, Inc. is a leading manufacturer of specialty high tech printing systems and data acquisition products. The products include color label printers and consumables sold under the QuickLabel Systems brand as well as rugged printers for avionics applications and data acquisition recorders sold under the Astro-Med brand. Astro-Med, Inc. is a member of the Russell Microcap® Index. Additional information is available by visiting www.Astro-Medinc.com.
Safe Harbor Statement
This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med’s FY2013 annual report and its annual and quarterly filings with the Securities and Exchange Commission.
Contact:
Everett V. Pizzuti, President and CEO
Joseph P. O’Connell, CFO
Astro-Med, Inc.
(401) 828-4000
www.Astro-Medinc.com
Source: Astro-Med, Inc.