Escalade, Incorporated (NASDAQ:ESCA - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.82 and traded as low as $11.94. Escalade shares last traded at $12.30, with a volume of 43,003 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Escalade in a research report on Saturday, September 27th. Wall Street Zen downgraded Escalade from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Escalade has an average rating of "Hold".
View Our Latest Stock Report on ESCA
Escalade Trading Down 3.4%
The company has a market cap of $169.74 million, a P/E ratio of 13.52 and a beta of 0.69. The business has a fifty day moving average price of $12.54 and a 200-day moving average price of $13.82. The company has a quick ratio of 1.79, a current ratio of 4.15 and a debt-to-equity ratio of 0.09.
Escalade (NASDAQ:ESCA - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.10). The firm had revenue of $54.33 million for the quarter, compared to the consensus estimate of $60.03 million. Escalade had a return on equity of 6.86% and a net margin of 5.30%. On average, analysts forecast that Escalade, Incorporated will post 0.93 earnings per share for the current year.
Escalade Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Monday, October 6th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Monday, October 6th. Escalade's payout ratio is 65.93%.
Insiders Place Their Bets
In other Escalade news, Director Richard Fenton Baalmann, Jr. sold 4,800 shares of the company's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $12.29, for a total transaction of $58,992.00. Following the completion of the sale, the director directly owned 110,394 shares in the company, valued at $1,356,742.26. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 28.75% of the stock is owned by insiders.
Institutional Investors Weigh In On Escalade
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in Escalade during the second quarter worth $29,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Escalade during the second quarter worth $32,000. Tower Research Capital LLC TRC lifted its stake in Escalade by 439.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,622 shares of the company's stock worth $51,000 after purchasing an additional 2,950 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Escalade by 27,223.8% in the 1st quarter. GAMMA Investing LLC now owns 5,738 shares of the company's stock valued at $88,000 after acquiring an additional 5,717 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Escalade in the 1st quarter valued at $224,000. 65.22% of the stock is currently owned by institutional investors.
About Escalade
(
Get Free Report)
Escalade, Incorporated, together with its subsidiaries, manufactures, distributes, imports, and sells sporting goods in North America, Europe, and internationally. The company provides various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products.
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