Escalade (NASDAQ:ESCA) Stock Passes Below 200 Day Moving Average of $12.28

Escalade, Incorporated (NASDAQ:ESCA – Get Rating)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.28 and traded as low as $11.42. Escalade shares last traded at $11.50, with a volume of 16,693 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. StockNews.com assumed coverage on shares of Escalade in a research report on Thursday, May 18th. They issued a “hold” rating for the company. TheStreet upgraded shares of Escalade from a “c+” rating to a “b-” rating in a research note on Monday, April 10th.

Escalade Trading Up 0.3 %

The business has a 50 day simple moving average of $14.00 and a 200-day simple moving average of $12.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 5.13. The stock has a market capitalization of $157.90 million, a P/E ratio of 14.94 and a beta of 1.17.

Escalade (NASDAQ:ESCA – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The company reported $0.20 earnings per share for the quarter. The business had revenue of $72.14 million during the quarter. Escalade had a return on equity of 6.61% and a net margin of 3.48%.

Escalade Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 19th. Stockholders of record on Monday, June 12th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, June 9th. This represents a $0.60 annualized dividend and a dividend yield of 5.22%. Escalade’s dividend payout ratio (DPR) is presently 77.92%.

Institutional Trading of Escalade

Several hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC raised its holdings in Escalade by 540.5% during the second quarter. Millennium Management LLC now owns 144,200 shares of the company’s stock valued at $1,873,000 after buying an additional 121,686 shares in the last quarter. Citadel Advisors LLC bought a new position in Escalade during the second quarter valued at about $409,000. LPL Financial LLC bought a new position in Escalade during the second quarter valued at about $396,000. Minerva Advisors LLC raised its holdings in Escalade by 5.5% during the fourth quarter. Minerva Advisors LLC now owns 553,521 shares of the company’s stock valued at $5,634,000 after buying an additional 28,700 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in shares of Escalade by 253.9% in the first quarter. Susquehanna International Group LLP now owns 16,929 shares of the company’s stock worth $247,000 after purchasing an additional 27,929 shares during the period. 22.40% of the stock is currently owned by hedge funds and other institutional investors.

Escalade Company Profile

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Escalade, Inc engages in the manufacture and distribution of sporting goods and recreational equipment. It offers archery, table tennis, basketball, pickleball, play systems, fitness, safety and utility weights, game tables, water sports, darts, and outdoor games equipment. The company was founded in 1922 and is headquartered in Evansville, IN.