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Astro-Med Inc. Stock Upgraded (ALOT)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

NEW YORK ( TheStreet) -- Astro-Med (Nasdaq: ALOT) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 0.6%. Since the same quarter one year prior, revenues rose by 17.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • 40.26% is the gross profit margin for ASTRO-MED INC which we consider to be strong. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, ALOT's net profit margin of 4.04% significantly trails the industry average.
  • Powered by its strong earnings growth of 75.00% and other important driving factors, this stock has surged by 49.17% over the past year, outperforming the rise in the S&P 500 Index during the same period. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
  • ASTRO-MED INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past two years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, ASTRO-MED INC reported lower earnings of $0.27 versus $0.42 in the prior year.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed against the S&P 500 and did not exceed that of the Computers & Peripherals industry. The net income has significantly decreased by 29.5% when compared to the same quarter one year ago, falling from $0.99 million to $0.70 million.

Astro-Med, Inc. designs, develops, manufactures, distributes, and services various specialty printers, and data acquisition and analysis systems primarily in the United States. It operates in two segments, Test & Measurement (T&M) and QuickLabel Systems (QuickLabel). Astro-Med has a market cap of $87.2 million and is part of the technology sector and computer hardware industry. Shares are up 16.1% year to date as of the close of trading on Wednesday.

You can view the full Astro-Med Ratings Report or get investment ideas from our investment research center.

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