Escalade (NASDAQ:ESCA) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Escalade, Incorporated (NASDAQ:ESCA - Get Free Report) shares 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 Trading Down 2.5 %

The company has a quick ratio of 1.41, a current ratio of 3.45 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $197.31 million, a P/E ratio of 15.36 and a beta of 1.14. The business has a fifty day moving average price of $15.11 and a 200 day moving average price of $14.81.

Escalade (NASDAQ:ESCA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $251.51 million for the quarter, compared to the consensus estimate of $62.20 million. Escalade had a return on equity of 7.17% and a net margin of 5.20%. On average, analysts expect that Escalade, Incorporated will post 0.93 earnings per share for the current fiscal year.

Escalade Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, April 7th were given a dividend of $0.15 per share. The ex-dividend date was Monday, April 7th. This represents a $0.60 annualized dividend and a yield of 4.16%. Escalade's dividend payout ratio (DPR) is presently 65.22%.

Hedge Funds Weigh In On Escalade

Several hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its stake in Escalade by 250.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company's stock valued at $33,000 after purchasing an additional 1,635 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Escalade by 27,223.8% in the 1st quarter. GAMMA Investing LLC now owns 5,738 shares of the company's stock valued at $88,000 after acquiring an additional 5,717 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Escalade by 22.9% in the 4th quarter. Wells Fargo & Company MN now owns 6,870 shares of the company's stock valued at $98,000 after purchasing an additional 1,278 shares during the period. Renaissance Technologies LLC raised its stake in Escalade by 6.9% in the fourth quarter. Renaissance Technologies LLC now owns 12,430 shares of the company's stock valued at $178,000 after buying an additional 800 shares during the period. Finally, Barclays PLC raised its stake in Escalade by 251.3% in the 3rd quarter. Barclays PLC now owns 13,185 shares of the company's stock valued at $186,000 after acquiring an additional 9,432 shares during the period. 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.

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