Astrotech (NASDAQ:ASTC) Share Price Passes Below 200 Day Moving Average – What’s Next?

Astrotech Corporation (NASDAQ:ASTC)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.19 and traded as low as $2.32. Astrotech shares last traded at $2.47, with a volume of 73,907 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Astrotech from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Astrotech has a consensus rating of “Sell”.

Astrotech Trading Up 8.3%

The business’s fifty day simple moving average is $3.03 and its 200 day simple moving average is $3.19. The stock has a market cap of $4.35 million, a P/E ratio of -0.29 and a beta of -0.25.

Astrotech (NASDAQ:ASTC) last announced its earnings results on Wednesday, May 13th. The aerospace company reported ($2.25) earnings per share for the quarter. Astrotech had a negative return on equity of 81.85% and a negative net margin of 1,397.82%.The company had revenue of $0.34 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP acquired a new position in Astrotech during the 3rd quarter worth $66,000. DRW Securities LLC increased its stake in shares of Astrotech by 168.5% in the 4th quarter. DRW Securities LLC now owns 31,464 shares of the aerospace company’s stock valued at $109,000 after buying an additional 19,747 shares during the period. Finally, J. Safra Sarasin Holding AG acquired a new stake in shares of Astrotech in the 1st quarter valued at $140,000. Institutional investors own 24.35% of the company’s stock.

About Astrotech

Astrotech Corp. (NASDAQ: ASTC) is a technology commercialization company headquartered near Austin, Texas. The firm sources early-stage innovations from government and university research programs—most notably from NASA—and advances them toward commercial readiness. Astrotech’s core mission is to bridge the gap between federally funded R&D and industrial applications across the life sciences and renewable energy sectors.

In its life sciences division, Astrotech has focused on mass spectrometry-based analytical instruments and diagnostic platforms.