Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Sees Large Decline in Short Interest

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 5,631 shares, a decline of 31.6% from the December 31st total of 8,228 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 23,650 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 23,650 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Espey Mfg. & Electronics Stock Performance

Shares of ESP traded down $2.28 during trading hours on Friday, hitting $52.87. The stock had a trading volume of 12,151 shares, compared to its average volume of 19,318. The firm has a market capitalization of $155.44 million, a price-to-earnings ratio of 16.78 and a beta of 0.16. The firm has a 50-day moving average price of $46.13 and a 200 day moving average price of $44.20. Espey Mfg. & Electronics has a fifty-two week low of $24.85 and a fifty-two week high of $56.10.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last issued its quarterly earnings data on Tuesday, September 16th. The company reported $1.07 earnings per share for the quarter. Espey Mfg. & Electronics had a net margin of 20.46% and a return on equity of 18.06%. The business had revenue of $9.60 million during the quarter.

Espey Mfg. & Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 19th were given a dividend of $0.25 per share. The ex-dividend date was Friday, December 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. Espey Mfg. & Electronics’s dividend payout ratio is currently 40.82%.

About Espey Mfg. & Electronics

Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company’s core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.

Espey’s sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.