November 17, 2016 - By Marie Mckinney · 0 Comments
Astrotech Corp (NASDAQ:ASTC) institutional sentiment increased to 1.17 in Q2 2016. Its up 0.28, from 0.89 in 2016Q1. The ratio has increased, as 7 hedge funds increased and opened new holdings, while 6 decreased and sold stock positions in Astrotech Corp. The hedge funds in our partner’s database now have: 2.80 million shares, up from 2.75 million shares in 2016Q1. Also, the number of hedge funds holding Astrotech Corp in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 3 Reduced: 3 Increased: 5 New Position: 2.
Astrotech Corporation is a science and technology development and commercialization company. The company has a market cap of $36.35 million. The Firm invents, acquires and commercializes technological innovations sourced from internal research, universities, laboratories and research institutions. It currently has negative earnings. The Firm operates through two business units: Astro Scientific and Astral Images Corporation .
About 11,610 shares traded hands. Astrotech Corp (NASDAQ:ASTC) has declined 20.59% since April 15, 2016 and is downtrending. It has underperformed by 25.21% the S&P500.
According to Zacks Investment Research, “Astrotech Corp., formerly SPACEHAB, Incorporated provides a range of products and services that focus on the needs of industry, governments and academia requiring access to, and utilization of the environment of space. The company also provides various support services to process communication, earth observation, and deep space satellites in preparation for their launch. In addition, it offers large scale program technical support and specialized engineering analysis, products and services, and configuration and data management support to NASA and other government customers. Headquartered in Houston, Texas, Astrotech develops AirWard, a shipping container designed to meet the specific requirements of the U.S. Department of Transportation to protect pressurized oxygen bottles from flame and heat during flight; and 1st Detect mini-mass spectrometer, a portable detection device, as well as focuses on the production of commercial products based on microgravity platforms.”
Beck Capital Management Llc holds 2.18% of its portfolio in Astrotech Corp for 2.02 million shares. Messner & Smith Theme Value Investment Management Ltd Ca owns 16,100 shares or 0.05% of their US portfolio. Moreover, Boothbay Fund Management Llc has 0.03% invested in the company for 36,980 shares. The New York-based Two Sigma Securities Llc has invested 0.01% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 69 shares.#img1#
Astrotech Corporation, incorporated on August 22, 1984, is a science and technology development and commercialization company. The Firm invents, acquires and commercializes technological innovations sourced from internal research, universities, laboratories and research institutions. The Firm operates through two business units: Astro Scientific and Astral Images Corporation (Astral). The Astro Scientific is a technology incubator that commercializes technologies, and includes the activities of subsidiaries, such as 1st Detect Corporation (1st Detect) and Astrogenetix, Inc. (Astrogenetix). Astral enables film restoration, enhancement and digitization using an automated process that algorithmically removes dust, scratches and defects to restore it to its original condition. The Company’s product portfolio consists of MMS-1000 and OEM-1000.
More notable recent Astrotech Corp (NASDAQ:ASTC) news were published by: Seekingalpha.com which released: “Miniaturization Of Spectrometry: The Long Case For Astrotech Corp.” on December 20, 2013, also Businesswire.com with their article: “Astrotech Reports First Quarter of Fiscal Year 2017 Financial Results” published on November 10, 2016, Bidnessetc.com published: “Here’s Why Astrotech Corp Surged over 80% Today” on March 09, 2016. More interesting news about Astrotech Corp (NASDAQ:ASTC) were released by: Bizjournals.com and their article: “Austin aerospace company to sell unit to Lockheed Martin for $61M” published on May 29, 2014 as well as Streetinsider.com‘s news article titled: “Chardan Capital Markets Starts Astrotech Corporation (ASTC) at Buy” with publication date: October 28, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Marie Mckinney