Shares of Astrotech Co. (NASDAQ:ASTC – Get Rating) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.42 and traded as low as $12.01. Astrotech shares last traded at $12.14, with a volume of 120 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Astrotech in a report on Thursday, December 15th. They set a "sell" rating on the stock.

Astrotech Stock Performance

The stock has a market capitalization of $20.47 million, a price-to-earnings ratio of -2.25 and a beta of -0.65. The company has a 50 day moving average of $10.74 and a 200 day moving average of $12.42.

Insiders Place Their Bets

In related news, major shareholder Braden Michael Leonard bought 190,971 shares of the stock in a transaction on Friday, December 2nd. The shares were bought at an average cost of $0.34 per share, for a total transaction of $64,930.14. Following the purchase, the insider now owns 6,612,311 shares of the company's stock, valued at approximately $2,248,185.74. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 298,447 shares of company stock valued at $105,195 over the last quarter. Company insiders own 9.70% of the company's stock.

Institutional Trading of Astrotech

Institutional investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in Astrotech in the first quarter valued at $56,000. Renaissance Technologies LLC increased its stake in Astrotech by 173.4% during the third quarter. Renaissance Technologies LLC now owns 158,589 shares of the aerospace company's stock worth $70,000 after acquiring an additional 100,589 shares during the last quarter. Finally, Marquette Asset Management LLC increased its stake in Astrotech by 33.0% during the second quarter. Marquette Asset Management LLC now owns 367,864 shares of the aerospace company's stock worth $158,000 after acquiring an additional 91,183 shares during the last quarter.

About Astrotech

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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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