Astrotech (NASDAQ:ASTC) Share Price Passes Above 200 Day Moving Average – What’s Next?
by Renee Jackson · The Cerbat GemAstrotech Corporation (NASDAQ:ASTC – Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.54 and traded as high as $4.00. Astrotech shares last traded at $3.67, with a volume of 146,588 shares.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Astrotech in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Astrotech currently has an average rating of “Sell”.
Check Out Our Latest Stock Report on ASTC
Astrotech Price Performance
The company has a market capitalization of $5.97 million, a P/E ratio of -0.41 and a beta of -0.12. The firm has a fifty day moving average price of $2.95 and a 200-day moving average price of $3.54.
Astrotech (NASDAQ:ASTC – Get Free Report) last released its earnings results on Friday, February 13th. The aerospace company reported ($2.34) earnings per share (EPS) for the quarter. The business had revenue of $0.15 million during the quarter. Astrotech had a negative net margin of 1,163.89% and a negative return on equity of 68.53%.
Hedge Funds Weigh In On Astrotech
A hedge fund recently bought a new stake in Astrotech stock. Susquehanna International Group LLP acquired a new stake in shares of Astrotech Corporation (NASDAQ:ASTC – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,539 shares of the aerospace company’s stock, valued at approximately $66,000. Susquehanna International Group LLP owned 0.77% of Astrotech at the end of the most recent quarter. Institutional investors and hedge funds own 24.35% of the company’s stock.
About Astrotech
Astrotech Corp. (NASDAQ: ASTC) is a technology commercialization company headquartered near Austin, Texas. The firm sources early-stage innovations from government and university research programs—most notably from NASA—and advances them toward commercial readiness. Astrotech’s core mission is to bridge the gap between federally funded R&D and industrial applications across the life sciences and renewable energy sectors.
In its life sciences division, Astrotech has focused on mass spectrometry-based analytical instruments and diagnostic platforms.