StockNews.com Upgrades Escalade (NASDAQ:ESCA) to “Buy”

Escalade (NASDAQ:ESCA) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

Escalade Trading Up 15.0 %

Shares of ESCA opened at $14.67 on Monday. The business’s 50-day moving average price is $14.31 and its 200 day moving average price is $17.03. The stock has a market capitalization of $203.33 million, a P/E ratio of 20.66 and a beta of 1.21. Escalade has a 1-year low of $11.42 and a 1-year high of $22.01. The company has a current ratio of 4.41, a quick ratio of 1.63 and a debt-to-equity ratio of 0.27.

Hedge Funds Weigh In On Escalade

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Escalade by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 495,376 shares of the company’s stock valued at $9,952,000 after buying an additional 4,795 shares during the last quarter. Barclays PLC lifted its holdings in shares of Escalade by 579.7% during the 4th quarter. Barclays PLC now owns 13,771 shares of the company’s stock valued at $277,000 after buying an additional 11,745 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Escalade by 12.5% during the 4th quarter. Nuveen Asset Management LLC now owns 14,629 shares of the company’s stock valued at $294,000 after buying an additional 1,627 shares during the last quarter. Royal Bank of Canada lifted its holdings in Escalade by 3.6% in the 4th quarter. Royal Bank of Canada now owns 30,279 shares of the company’s stock worth $608,000 after purchasing an additional 1,044 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Escalade by 1.3% in the 4th quarter. Northern Trust Corp now owns 91,685 shares of the company’s stock worth $1,842,000 after purchasing an additional 1,157 shares during the last quarter. Hedge funds and other 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.