Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Stock Price Crosses Above 50 Day Moving Average - Time to Sell?

Key Points

• Espey Mfg. & Electronics shares crossed above their 50-day moving average of $62.82, reaching $63.58 before last trading at $61.91. The stock has a market capitalization of approximately $188.2 million and a P/E ratio of 15.92.
• The company exceeded quarterly EPS expectations, reporting $1.15 per share versus the $0.96 consensus, though revenue of $13.47 million fell short of the $14.80 million estimate. Net margin was 24.24% and return on equity was 20.22%.
• Espey paid a $0.75-per-share special dividend, while a director sold 2,089 shares at an average price of $65.67. Institutional ownership stands at 36.65% following new positions from several investment firms.

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $62.82 and traded as high as $63.58. Espey Mfg. & Electronics shares last traded at $61.91, with a volume of 45,100 shares traded.

Espey Mfg. & Electronics Stock Down 2.1%

The stock's 50-day moving average price is $62.82 and its 200 day moving average price is $61.95. The firm has a market cap of $188.21 million, a price-to-earnings ratio of 15.92 and a beta of 0.37.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP - Get Free Report) last released its earnings results on Wednesday, September 23rd. The company reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.19. Espey Mfg. & Electronics had a return on equity of 20.22% and a net margin of 24.24%.The business had revenue of $13.47 million for the quarter, compared to the consensus estimate of $14.80 million.

Espey Mfg. & Electronics Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 18th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, September 18th. Espey Mfg. & Electronics's dividend payout ratio (DPR) is presently 40.82%.

Insider Activity

In other news, Director Paul J. Corr sold 2,089 shares of the business's stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $65.67, for a total transaction of $137,184.63. Following the sale, the director directly owned 20,650 shares in the company, valued at approximately $1,356,085.50. The trade was a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.54% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Man Group plc bought a new stake in Espey Mfg. & Electronics in the 2nd quarter valued at $832,000. De Lisle Partners LLP bought a new position in shares of Espey Mfg. & Electronics during the 2nd quarter worth about $3,777,000. BlackRock Inc. acquired a new stake in shares of Espey Mfg. & Electronics during the 2nd quarter valued at about $7,808,000. Deutsche Bank AG acquired a new stake in shares of Espey Mfg. & Electronics during the 2nd quarter valued at about $156,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Espey Mfg. & Electronics during the 2nd quarter valued at about $1,349,000. 36.65% of the stock is owned by institutional investors.

About Espey Mfg. & Electronics

Espey Mfg. & Electronics Corp. designs and manufactures electronic systems and subsystems primarily for defense and other specialized applications. The company is based in Saratoga Springs, New York, and has a long history of supporting customers that require rugged, reliable equipment for demanding operating environments.

Its product offerings include power conversion and power-management equipment, power supplies, power distribution systems, electronic assemblies, displays, and related control and monitoring systems.

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