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

Astrotech Corp (NASDAQ:ASTC) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus price target of $5.00 for the company, according to Zacks. Zacks has also given Astrotech an industry rank of 100 out of 255 based on the ratings given to related companies.

Separately, ValuEngine lowered Astrotech from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st.

Shares of NASDAQ:ASTC traded down $0.06 during trading hours on Friday, reaching $1.79. The stock had a trading volume of 900 shares, compared to its average volume of 175,047. Astrotech has a 1 year low of $1.16 and a 1 year high of $5.50. The firm’s 50 day moving average is $1.61 and its 200-day moving average is $2.36. The company has a current ratio of 1.15, a quick ratio of 1.02 and a debt-to-equity ratio of 1.01.

Astrotech (NASDAQ:ASTC) last issued its quarterly earnings data on Friday, September 27th. The aerospace company reported ($0.30) earnings per share (EPS) for the quarter. The business had revenue of $0.09 million for the quarter.

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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