Zacks: Astrotech Corp (NASDAQ:ASTC) Receives Average Rating of “Strong Buy” from Analysts

Shares of Astrotech Corp (NASDAQ:ASTC) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus price target of $5.00 for the company, according to Zacks. Zacks has also assigned Astrotech an industry rank of 81 out of 256 based on the ratings given to its competitors.

Separately, ValuEngine raised WPP from a “sell” rating to a “hold” rating in a research report on Wednesday, June 19th.

A hedge fund recently raised its stake in Astrotech stock. BlackRock Inc. boosted its stake in shares of Astrotech Corp (NASDAQ:ASTC) by 13,099.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,662 shares of the aerospace company’s stock after purchasing an additional 190,210 shares during the quarter. BlackRock Inc. owned about 4.68% of Astrotech worth $914,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 5.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of ASTC traded up $0.03 during midday trading on Tuesday, reaching $2.50. 10,607 shares of the stock were exchanged, compared to its average volume of 9,459. Astrotech has a 52 week low of $2.27 and a 52 week high of $6.03. The firm has a 50 day moving average price of $2.82.

Astrotech (NASDAQ:ASTC) last issued its quarterly earnings data on Monday, May 13th. The aerospace company reported ($0.25) earnings per share for the quarter.

About Astrotech

Astrotech Corporation operates as a science and technology development and commercialization company in the United States. It operates through two segments, Astro Scientific and Astral Images Corporation. The Astro Scientific segment manufactures chemical detection and analysis instrumentation that detects and identifies trace amounts of explosives and narcotics.

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