Escalade (NASDAQ:ESCA) Stock Crosses Below 200-Day Moving Average - Here's Why

Key Points

• The stock price of Escalade, Incorporated (NASDAQ:ESCA) has fallen below its two hundred day moving average of $14.07, hitting a low of $12.25 during recent trading.
• Escalade reported a quarterly earnings miss, with an EPS of $0.13 compared to the consensus estimate of $0.23, and revenue also fell short at $54.33 million.
• The company declared a quarterly dividend of $0.15 to be paid on October 13th, marking an annualized dividend yield of 4.8%.

Escalade, Incorporated (NASDAQ:ESCA - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.07 and traded as low as $12.25. Escalade shares last traded at $12.55, with a volume of 19,324 shares.

Analyst Ratings Changes

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

Escalade Stock Down 3.3%

The stock's fifty day moving average price is $12.62 and its 200 day moving average price is $14.02. The stock has a market cap of $173.05 million, a P/E ratio of 13.78 and a beta of 0.67. The company has a current ratio of 4.15, a quick ratio of 1.79 and a debt-to-equity ratio of 0.09.

Escalade (NASDAQ:ESCA - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.13 EPS 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 during the quarter, compared to the consensus estimate of $60.03 million. As a group, research analysts forecast that Escalade, Incorporated will post 0.93 earnings per share for the current fiscal year.

Escalade Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Monday, October 6th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, October 6th. This represents a $0.60 annualized dividend and a dividend yield of 4.8%. Escalade's dividend payout ratio (DPR) is currently 65.93%.

Insider Activity at Escalade

In related news, Director Richard Fenton Baalmann, Jr. sold 4,800 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $12.29, for a total transaction of $58,992.00. Following the transaction, the director owned 110,394 shares of the company's stock, valued at approximately $1,356,742.26. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 28.75% of the company's stock.

Hedge Funds Weigh In On Escalade

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its position in Escalade by 439.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,622 shares of the company's stock valued at $51,000 after buying an additional 2,950 shares during the period. Raymond James Financial Inc. purchased a new stake in Escalade during the 2nd quarter valued at $29,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Escalade during the 2nd quarter valued at $32,000. Geode Capital Management LLC boosted its position in Escalade by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 221,456 shares of the company's stock valued at $3,096,000 after buying an additional 4,455 shares during the period. Finally, Nuveen LLC purchased a new stake in Escalade during the 1st quarter valued at $224,000. Institutional investors 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.