Astrotech (NASDAQ:ASTC) Stock Price Passes Above 200-Day Moving Average of $8.38

Astrotech Co. (NASDAQ:ASTC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.38 and traded as high as $9.20. Astrotech shares last traded at $9.07, with a volume of 3,773 shares changing hands.

Astrotech Stock Performance

The business’s 50 day moving average price is $8.85 and its 200-day moving average price is $8.37.

Astrotech (NASDAQ:ASTC) last released its quarterly earnings results on Monday, February 12th. The aerospace company reported ($1.62) earnings per share (EPS) for the quarter. Astrotech had a negative return on equity of 23.57% and a negative net margin of 515.23%. The firm had revenue of $1.12 million for the quarter.

Institutional Trading of Astrotech

A hedge fund recently raised its stake in Astrotech stock. Acuitas Investments LLC boosted its position in Astrotech Co. (NASDAQ:ASTC) by 18.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,570 shares of the aerospace company’s stock after buying an additional 9,623 shares during the quarter. Acuitas Investments LLC owned approximately 3.68% of Astrotech worth $531,000 at the end of the most recent quarter. 24.35% of the stock is currently owned by institutional investors.

Astrotech Company Profile

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.