Escalade (NASDAQ:ESCA) Stock Passes Above 200 Day Moving Average - What's Next?

Escalade, Incorporated (NASDAQ:ESCA - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.81 and traded as high as $14.82. Escalade shares last traded at $14.44, with a volume of 25,265 shares changing hands.

Escalade Stock Down 2.3 %

The stock has a fifty day moving average of $15.09 and a two-hundred day moving average of $14.85. The stock has a market cap of $199.36 million, a price-to-earnings ratio of 15.52 and a beta of 1.14. The company has a quick ratio of 1.41, a current ratio of 3.45 and a debt-to-equity ratio of 0.13.

Escalade (NASDAQ:ESCA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The company had revenue of $251.51 million for the quarter, compared to analyst estimates of $62.20 million. Escalade had a return on equity of 7.17% and a net margin of 5.20%. As a group, analysts predict that Escalade, Incorporated will post 0.93 EPS for the current fiscal year.

Escalade Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, April 7th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Monday, April 7th. Escalade's dividend payout ratio is presently 65.22%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC acquired a new position in shares of Escalade during the fourth quarter worth about $217,000. Charles Schwab Investment Management Inc. increased its position in shares of Escalade by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 28,786 shares of the company's stock worth $411,000 after acquiring an additional 2,221 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Escalade by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 127,446 shares of the company's stock worth $1,820,000 after acquiring an additional 7,659 shares during the last quarter. Barclays PLC increased its holdings in Escalade by 251.3% in the third quarter. Barclays PLC now owns 13,185 shares of the company's stock valued at $186,000 after buying an additional 9,432 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Escalade by 301.6% in the third quarter. JPMorgan Chase & Co. now owns 18,914 shares of the company's stock valued at $266,000 after buying an additional 14,204 shares during the last quarter. 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.