Escalade (NASDAQ:ESCA) Stock Price Crosses Below 200-Day Moving Average of $15.65

Escalade, Incorporated (NASDAQ:ESCA) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.65 and traded as low as $12.53. Escalade shares last traded at $12.73, with a volume of 13,082 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Escalade from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st.

Escalade Trading Down 3.0 %

The firm has a 50-day moving average price of $13.46 and a 200-day moving average price of $15.65. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 4.44. The stock has a market cap of $176.46 million, a PE ratio of 13.99 and a beta of 1.23.

Escalade (NASDAQ:ESCA) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $57.30 million during the quarter. Escalade had a return on equity of 7.74% and a net margin of 4.76%. As a group, equities analysts anticipate that Escalade, Incorporated will post 1.29 EPS for the current fiscal year.

Escalade Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 8th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $0.60 annualized dividend and a yield of 4.71%. Escalade’s payout ratio is 65.93%.

Institutional Investors Weigh In On Escalade

Several large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its holdings in Escalade by 5.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 24,944 shares of the company’s stock worth $343,000 after buying an additional 1,330 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Escalade by 40.0% during the 1st quarter. BNP Paribas Financial Markets now owns 4,688 shares of the company’s stock valued at $64,000 after purchasing an additional 1,340 shares during the period. Victory Capital Management Inc. grew its stake in shares of Escalade by 40.6% during the 4th quarter. Victory Capital Management Inc. now owns 7,037 shares of the company’s stock valued at $141,000 after purchasing an additional 2,033 shares during the period. Ritholtz Wealth Management grew its stake in shares of Escalade by 13.8% during the 4th quarter. Ritholtz Wealth Management now owns 16,940 shares of the company’s stock valued at $340,000 after purchasing an additional 2,056 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Escalade by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 498,945 shares of the company’s stock valued at $6,860,000 after purchasing an additional 3,569 shares during the period. 65.22% of the stock is currently owned by institutional investors.

About Escalade

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.