Escalade, Incorporated (NASDAQ:ESCA - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.52 and traded as low as $11.88. Escalade shares last traded at $11.88, with a volume of 5,393 shares traded.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on ESCA shares. Zacks Research raised shares of Escalade from a "strong sell" rating to a "hold" rating in a research report on Tuesday, October 14th. Weiss Ratings restated a "hold (c)" rating on shares of Escalade in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered Escalade from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold".
Check Out Our Latest Stock Report on Escalade
Escalade Price Performance
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 business's fifty day simple moving average is $12.41 and its 200 day simple moving average is $13.52. The stock has a market cap of $163.94 million, a price-to-earnings ratio of 13.06 and a beta of 0.69.
Escalade (NASDAQ:ESCA - Get Free Report) last announced its earnings results 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). Escalade had a return on equity of 6.86% and a net margin of 5.30%.The business had revenue of $54.33 million for the quarter, compared to analysts' expectations of $60.03 million. Research analysts predict that Escalade, Incorporated will post 0.93 EPS for the current fiscal year.
Escalade Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Monday, October 6th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, October 6th. Escalade's dividend payout ratio is presently 65.93%.
Insider Activity at Escalade
In other news, Director Richard Fenton Baalmann, Jr. sold 4,800 shares of the firm's stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 28.75% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of Escalade in the 2nd quarter worth about $29,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Escalade in the second quarter worth about $32,000. Tower Research Capital LLC TRC increased its holdings in Escalade by 439.0% in the second 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 last quarter. Nuveen LLC bought a new stake in Escalade in the first quarter valued at about $224,000. Finally, Geode Capital Management LLC raised its stake in Escalade by 2.1% during the second 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 in the last quarter. 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.
Further Reading
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