Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Espey Mfg. & Electronics (NYSEAMERICAN:ESP - Get Free Report) in a research note issued on Tuesday. The brokerage set a "buy" rating on the stock.

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Espey Mfg. & Electronics Stock Performance

ESP stock traded down $0.05 during trading on Tuesday, reaching $24.82. The company's stock had a trading volume of 5,666 shares, compared to its average volume of 10,466. Espey Mfg. & Electronics has a 1 year low of $14.69 and a 1 year high of $27.32. The firm has a market capitalization of $67.76 million, a PE ratio of 12.93 and a beta of 0.14.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ESP. Ellsworth Advisors LLC purchased a new stake in Espey Mfg. & Electronics during the second quarter valued at $476,000. Morgan Dempsey Capital Management LLC bought a new position in shares of Espey Mfg. & Electronics in the 2nd quarter valued at about $113,000. Renaissance Technologies LLC increased its stake in Espey Mfg. & Electronics by 3.7% during the second quarter. Renaissance Technologies LLC now owns 111,512 shares of the company's stock worth $2,370,000 after acquiring an additional 4,000 shares during the last quarter. Perritt Capital Management Inc. lifted its stake in shares of Espey Mfg. & Electronics by 66.7% in the 1st quarter. Perritt Capital Management Inc. now owns 5,500 shares of the company's stock valued at $139,000 after purchasing an additional 2,201 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Espey Mfg. & Electronics by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 86,612 shares of the company's stock valued at $1,841,000 after buying an additional 1,591 shares during the period. Hedge funds and other institutional investors own 36.65% of the company's stock.

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Espey Mfg. & Electronics Company Profile

(Get Free Report)

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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