Zacks: Brokerages Set $5.00 Price Target for Astrotech Corp (ASTC)
Astrotech Corp (NASDAQ:ASTC) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Analysts have set a one year consensus target price of $5.00 for the company, according to Zacks. Zacks has also assigned Astrotech an industry rank of 33 out of 255 based on the ratings given to related companies.
Shares of ASTC stock opened at $4.00 on Wednesday. Astrotech has a 12 month low of $1.64 and a 12 month high of $8.15.
Several institutional investors have recently bought and sold shares of the company. Essex Investment Management Co. LLC acquired a new position in shares of Astrotech during the 4th quarter worth about $254,000. Citadel Advisors LLC acquired a new position in shares of Astrotech during the 3rd quarter worth about $181,000. Finally, BlackRock Inc. grew its position in shares of Astrotech by 13,099.9% during the 4th quarter. BlackRock Inc. now owns 191,662 shares of the aerospace company’s stock worth $914,000 after buying an additional 190,210 shares during the period. Institutional investors own 5.68% of the company’s stock.
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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