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The latest announcement is out from AstroNova ( (ALOT) ).
AstroNova, Inc. has entered into a Sixth Amendment to its Amended and Restated Credit Agreement with Bank of America, which involves an increase in the revolving loan commitment to $27.5 million until July 2026 and an extension of the maturity date to August 2028. The amendment includes refinancing existing term loans into new loans totaling $19.72 million, with the proceeds used for repayment and refinancing of existing loans. The agreement allows borrowing in multiple currencies and includes various financial and non-financial covenants, impacting the company’s financial operations and strategic flexibility.
The most recent analyst rating on (ALOT) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on AstroNova stock, see the ALOT Stock Forecast page.
Spark’s Take on ALOT Stock
According to Spark, TipRanks’ AI Analyst, ALOT is a Neutral.
AstroNova’s overall stock score is primarily impacted by its weak financial performance and bearish technical indicators. The company’s negative profitability and declining revenue growth are significant concerns. While strategic initiatives and cost management efforts are underway, the current valuation and technical analysis suggest caution. The introduction of a new CEO and product launches offer potential for future improvement, but substantial challenges remain.
To see Spark’s full report on ALOT stock, click here.
More about AstroNova
Average Trading Volume: 16,564
Technical Sentiment Signal: Sell
Current Market Cap: $69.05M
For an in-depth examination of ALOT stock, go to TipRanks’ Overview page.