AstroNova $ALOT Stock Breaks Above the 200 Day Moving Average

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AstroNova $ALOT stock has broken above its 200 day moving average as of January 2, 2023. The stock really began to move higher after its December 7, 2022, quarterly report that showed revenue was up by nearly 36% YoY. $ALOT stock is in a technical weak uptrend.

AstroNova stock chart on January 2 2023 with a break above its 200 day moving average and a positive MACD
AstroNova stock chart on January 2 2023 with a break above its 200 day moving average and a positive MACD

AstroNova Expands Market Opportunity with Launch of Breakthrough Entry-Level QuickLabel E100 Color Label Printer

AstroNova announced the production release of the QL-E100, an entry-level product to its popular QuickLabel product line-up, on October 24, 2022.

Introducing the QL-E100

An easy-to-use, portable, full-color tabletop label printer is the QL-E100. It provides high-quality output at a price point that is perfect for both smaller businesses and larger corporations who need multiple on-demand label printers at the point of sale or in various locations throughout their facilities.

The QL-E100 enables users to print customized labels of the highest caliber at the touch of a button and offers a best in class 7″ color touchscreen interface. The QL-E100 consistently produces vivid, bright color labels thanks to high-performance, water-based inks.

“The game-changing design of our QL-E100 opens up a large untapped market opportunity to reach customers with smaller budgets or those just beginning to leverage the many advantages of in-house label printing,” said AstroNova President and CEO Greg Woods. “The QL-E100 combines the benefits of professional printing with flexibility, portability, simplicity, and affordability. We are excited to extend our industry-leading color labeling solutions into this large and growing market segment.”

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