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

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

Brokers have set a 1 year consensus price objective of $5.00 for the company, according to Zacks. Zacks has also given Astrotech an industry rank of 87 out of 256 based on the ratings given to related companies.

Separately, ValuEngine cut shares of Astrotech from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th.

ASTC stock traded down $0.01 during mid-day trading on Friday, hitting $2.34. The company had a trading volume of 100 shares, compared to its average volume of 8,038. The firm’s 50-day moving average price is $2.52. Astrotech has a 12-month low of $2.17 and a 12-month high of $6.03.

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

An institutional investor recently raised its position in Astrotech stock. BlackRock Inc. boosted its position in shares of Astrotech Corp (NASDAQ:ASTC) by 13,099.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,662 shares of the aerospace company’s stock after purchasing an additional 190,210 shares during the period. BlackRock Inc. owned about 4.68% of Astrotech worth $914,000 as of its most recent SEC filing. Institutional investors own 5.21% of the company’s stock.

Astrotech Company Profile

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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