Espey Mfg. & Electronics (NYSEAMERICAN:ESP - Get Free Report) was downgraded by investment analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued on Sunday.
Espey Mfg. & Electronics Price Performance
ESP traded up $0.62 during trading hours on Friday, hitting $22.02. The company's stock had a trading volume of 21,811 shares, compared to its average volume of 18,679. Espey Mfg. & Electronics has a fifty-two week low of $14.69 and a fifty-two week high of $27.32. The stock has a market cap of $60.11 million, a P/E ratio of 11.47 and a beta of 0.18.
Espey Mfg. & Electronics (NYSEAMERICAN:ESP - Get Free Report) last issued its quarterly earnings results on Monday, May 13th. The company reported $0.40 earnings per share for the quarter. Espey Mfg. & Electronics had a net margin of 13.58% and a return on equity of 12.83%. The company had revenue of $8.26 million during the quarter.
Insider Buying and Selling at Espey Mfg. & Electronics
In other news, insider Peggy A. Murphy sold 6,000 shares of Espey Mfg. & Electronics stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $25.38, for a total value of $152,280.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.00% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Espey Mfg. & Electronics stock. Perritt Capital Management Inc. raised its stake in shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Free Report) by 66.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,500 shares of the company's stock after purchasing an additional 2,201 shares during the period. Perritt Capital Management Inc. owned 0.20% of Espey Mfg. & Electronics worth $139,000 as of its most recent SEC filing. 36.65% of the stock is owned by hedge funds and other institutional investors.
Espey Mfg. & Electronics Company Profile
(
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Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company's principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high-power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power applications.
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