Escalade (NASDAQ:ESCA) Share Price Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• Escalade's share price has fallen below its 200-day moving average of $14.43, trading as low as $12.19 recently.
• Analysts downgraded Escalade from a "buy" to a "hold" rating following earnings reports that missed expectations.
• The company announced a quarterly dividend of $0.15 per share, with a total annualized yield of 4.7%.

Escalade, Incorporated (NASDAQ:ESCA - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.43 and traded as low as $12.19. Escalade shares last traded at $12.71, with a volume of 48,490 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen cut Escalade from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th.

Escalade Stock Up 4.6%

The business has a 50-day simple moving average of $13.34 and a two-hundred day simple moving average of $14.43. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.79 and a current ratio of 4.15. The company has a market capitalization of $175.40 million, a price-to-earnings ratio of 13.97 and a beta of 0.74.

Escalade (NASDAQ:ESCA - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.10). Escalade had a return on equity of 6.86% and a net margin of 5.30%. The company had revenue of $54.33 million for the quarter, compared to analyst estimates of $60.03 million. As a group, equities analysts predict that Escalade, Incorporated will post 0.93 EPS for the current year.

Escalade Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Monday, October 6th will be given a $0.15 dividend. The ex-dividend date is Monday, October 6th. This represents a $0.60 dividend on an annualized basis and a yield of 4.7%. Escalade's dividend payout ratio (DPR) is presently 65.93%.

Institutional Investors Weigh In On Escalade

A number of hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Escalade during the second quarter worth $29,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Escalade during the second quarter worth $32,000. Tower Research Capital LLC TRC grew its holdings in Escalade by 250.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock worth $33,000 after acquiring an additional 1,635 shares during the period. Tower Research Capital LLC TRC grew its holdings 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 acquiring an additional 2,950 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Escalade by 27,223.8% during the first quarter. GAMMA Investing LLC now owns 5,738 shares of the company's stock worth $88,000 after acquiring an additional 5,717 shares during the period. Institutional investors and hedge funds own 65.22% of the company's stock.

Escalade Company Profile

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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