Astrotech (NASDAQ:ASTC) Share Price Crosses Above 200 Day Moving Average of $12.26

Financial News Live · Feb 4, 2023 06:51

Astrotech Co. (NASDAQ:ASTC – Get Rating)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.26 and traded as high as $12.41. Astrotech shares last traded at $12.04, with a volume of 6,539 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Astrotech in a report on Thursday, December 15th. They issued a "sell" rating for the company.

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Astrotech Stock Down 0.6 %

The firm has a 50 day simple moving average of $10.78 and a two-hundred day simple moving average of $12.26.

Astrotech (NASDAQ:ASTC – Get Rating) last released its quarterly earnings data on Thursday, November 10th. The aerospace company reported ($1.50) earnings per share for the quarter. The firm had revenue of $0.04 million during the quarter. Astrotech had a negative return on equity of 16.29% and a negative net margin of 1,226.53%.

Insider Transactions at Astrotech

In other Astrotech news, major shareholder Braden Michael Leonard bought 190,971 shares of the stock in a transaction on Friday, December 2nd. The stock was acquired at an average cost of $0.34 per share, for a total transaction of $64,930.14. Following the completion of the acquisition, the insider now owns 6,612,311 shares in the company, valued at approximately $2,248,185.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought 298,447 shares of company stock valued at $105,195 over the last three months. Company insiders own 9.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of Astrotech during the 1st quarter valued at approximately $56,000. Marquette Asset Management LLC boosted its position in shares of Astrotech by 14.1% during the third quarter. Marquette Asset Management LLC now owns 419,854 shares of the aerospace company's stock worth $186,000 after buying an additional 51,990 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Astrotech by 173.4% in the third quarter. Renaissance Technologies LLC now owns 158,589 shares of the aerospace company's stock valued at $70,000 after buying an additional 100,589 shares in the last quarter.

Astrotech Company Profile

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Astrotech Corp. engages in the provision of science and technology development and commercialization businesses. It operates through the following segments: Astrotech Technologies Inc, 1st Detect Corporation, AgLAB Inc, and BreathTech Corporation. The company was founded in 1984 and is headquartered in Austin, TX.