Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Share Price Crosses Above 50-Day Moving Average of $0.00

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.00 and traded as high as $21.53. Espey Mfg. & Electronics shares last traded at $21.38, with a volume of 16,700 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Espey Mfg. & Electronics from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 19th.

Espey Mfg. & Electronics Trading Down 1.3 %

The company has a market capitalization of $57.63 million, a price-to-earnings ratio of 11.14 and a beta of 0.18.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP - Get Free Report) last posted its quarterly earnings data on Monday, May 13th. The company reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $8.26 million during the quarter. Espey Mfg. & Electronics had a return on equity of 12.83% and a net margin of 13.58%.

Espey Mfg. & Electronics Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.32%. This is an increase from Espey Mfg. & Electronics's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, March 21st. Espey Mfg. & Electronics's dividend payout ratio is currently 36.46%.

Institutional Investors Weigh In On Espey Mfg. & Electronics

An institutional investor recently raised its position in Espey Mfg. & Electronics stock. Perritt Capital Management Inc. boosted its holdings in shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP - Free Report) by 66.7% during the first 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 buying an additional 2,201 shares during the quarter. Perritt Capital Management Inc. owned approximately 0.20% of Espey Mfg. & Electronics worth $139,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 36.65% of the company's stock.

Espey Mfg. & Electronics Company Profile

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.