Escalade (NASDAQ:ESCA) Share Price Crosses Below 200 Day Moving Average of $11.28

Shares of Escalade, Inc. (NASDAQ:ESCA) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.28 and traded as low as $10.96. Escalade shares last traded at $11.12, with a volume of 5,488 shares traded.

The firm has a market cap of $159.58 million, a P/E ratio of 16.97 and a beta of 0.32. The company has a current ratio of 5.87, a quick ratio of 2.82 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average of $10.60 and a two-hundred day moving average of $11.28.

Escalade (NASDAQ:ESCA) last announced its earnings results on Wednesday, August 7th. The company reported $0.13 EPS for the quarter. The firm had revenue of $55.64 million for the quarter. Escalade had a return on equity of 7.31% and a net margin of 5.09%.

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 9th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend was Friday, September 6th.

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA lifted its holdings in Escalade by 528.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,257 shares of the company’s stock worth $25,000 after buying an additional 1,898 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in Escalade during the 2nd quarter worth about $145,000. Mid Atlantic Financial Management Inc. ADV acquired a new position in Escalade during the 2nd quarter worth about $146,000. Wilen Investment Management CORP. lifted its holdings in Escalade by 40.2% during the 1st quarter. Wilen Investment Management CORP. now owns 15,340 shares of the company’s stock worth $173,000 after buying an additional 4,401 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Escalade by 9.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 26,551 shares of the company’s stock worth $305,000 after buying an additional 2,196 shares during the period. 28.73% of the stock is currently owned by hedge funds and other institutional investors.

Escalade Company Profile (NASDAQ:ESCA)

Escalade, Incorporated, together with its subsidiaries, manufactures and sells sporting goods in North America, Europe, and internationally. The company manufactures, imports, and distributes various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products.

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