Astrotech Corp (NASDAQ:ASTC) Given $5.00 Consensus Target Price by Brokerages

Shares of Astrotech Corp (NASDAQ:ASTC) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price target of $5.00 for the company, according to Zacks. Zacks has also assigned Astrotech an industry rank of 50 out of 256 based on the ratings given to related companies.

Separately, ValuEngine cut shares of Astrotech from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th.

An institutional investor recently raised its position in Astrotech stock. BlackRock Inc. boosted its position in shares of Astrotech Corp (NASDAQ:ASTC) by 13,099.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 191,662 shares of the aerospace company’s stock after acquiring an additional 190,210 shares during the period. BlackRock Inc. owned about 4.68% of Astrotech worth $914,000 as of its most recent SEC filing. 5.23% of the stock is owned by hedge funds and other institutional investors.

ASTC traded down $0.07 during trading hours on Friday, hitting $2.70. 6,204 shares of the company’s stock were exchanged, compared to its average volume of 9,628. Astrotech has a 12-month low of $2.27 and a 12-month high of $6.03. The stock’s 50 day moving average price is $3.51.

Astrotech (NASDAQ:ASTC) last announced its earnings results on Monday, May 13th. The aerospace company reported ($0.25) earnings per share for the quarter.

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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