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Astrotech ( (ASTC) ) has issued an update.
On May 22, 2025, Astrotech Corporation announced the termination of its Independent Contractor Agreement with With Finance Team LLC, leading to the removal of Ryan Polk from his roles as Chief Financial Officer, Treasurer, and Secretary. Concurrently, Jennifer Cañas, previously the Corporate Controller, was appointed to these roles effective immediately. Ms. Cañas, who has over 20 years of experience in senior financial roles, was promoted due to her strategic financial leadership and deep accounting expertise. Her appointment was officially announced on May 28, 2025, with an increase in her annual base salary and a stock option grant.
Spark’s Take on ASTC Stock
According to Spark, TipRanks’ AI Analyst, ASTC is a Neutral.
Astrotech’s overall score is primarily impacted by its weak financial performance and poor valuation metrics. However, the positive corporate event related to the TRACER 1000 launch provides a potential growth opportunity. Technical analysis also suggests bearish trends, further affecting the overall score.
To see Spark’s full report on ASTC stock, click here.
More about Astrotech
Astrotech Corporation is a mass spectrometry company that manages and commercializes scalable companies through its subsidiaries. These subsidiaries include 1st Detect, which develops trace detectors for security and narcotics detection; AgLAB, which sells process analyzers for the agriculture market; Pro-Control, which produces products for chemical manufacturing process control; BreathTech, which is developing a breath analysis tool for detecting infections; and EN-SCAN, Inc., which provides environmental testing solutions. The company is headquartered in Austin, Texas.
Average Trading Volume: 2,782
Technical Sentiment Signal: Sell
Current Market Cap: $9.95M
See more data about ASTC stock on TipRanks’ Stock Analysis page.