Escalade (NASDAQ:ESCA) Share Price Crosses Below 200-Day Moving Average - What's Next?

Escalade, Incorporated (NASDAQ:ESCA - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.62 and traded as low as $13.04. Escalade shares last traded at $13.75, with a volume of 17,307 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Escalade from a "hold" rating to a "buy" rating in a research note on Thursday, October 10th.

Escalade Stock Performance

The stock has a market cap of $198.02 million, a price-to-earnings ratio of 14.89 and a beta of 1.22. The firm's 50-day moving average is $13.74 and its two-hundred day moving average is $13.62. The company has a current ratio of 3.45, a quick ratio of 1.41 and a debt-to-equity ratio of 0.13.

Escalade Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, January 6th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Monday, January 6th. Escalade's dividend payout ratio is presently 63.83%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Thoroughbred Financial Services LLC purchased a new position in Escalade in the 2nd quarter worth approximately $15,458,000. Vanguard Group Inc. lifted its position in Escalade by 0.7% during the first quarter. Vanguard Group Inc. now owns 498,945 shares of the company's stock worth $6,860,000 after buying an additional 3,569 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Escalade by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 458,464 shares of the company's stock worth $6,322,000 after buying an additional 1,365 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Escalade by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 126,474 shares of the company's stock valued at $1,744,000 after buying an additional 1,071 shares in the last quarter. Finally, Inspire Advisors LLC increased its stake in shares of Escalade by 195.4% in the 3rd quarter. Inspire Advisors LLC now owns 43,092 shares of the company's stock worth $606,000 after acquiring an additional 28,503 shares during the last quarter. 65.22% of the stock is owned by institutional investors and hedge funds.

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.