Sidoti Initiates Coverage on Astro-Med With a Buy
WEST WARWICK, RI -- (Marketwired) -- 10/24/13 -- 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(R) 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.
Everett V. Pizzuti, President and CEO
Joseph P. O'Connell, CFO
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