Escalade (NASDAQ:ESCA) Shares Cross Below Two Hundred Day Moving Average of $15.38

Escalade, Incorporated (NASDAQ:ESCA)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.38 and traded as low as $13.11. Escalade shares last traded at $13.79, with a volume of 112,984 shares trading hands.

Wall Street Analysts Forecast Growth

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

Escalade Price Performance

The stock has a 50-day moving average price of $13.40 and a 200 day moving average price of $15.38. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.44 and a quick ratio of 1.63. The firm has a market cap of $191.13 million, a price-to-earnings ratio of 15.15 and a beta of 1.23.

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

Escalade Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 8th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend is Monday, July 8th. Escalade’s dividend payout ratio is currently 65.93%.

Institutional Investors Weigh In On Escalade

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Escalade by 0.7% in 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 in the last quarter. Prosperity Consulting Group LLC acquired a new stake in shares of Escalade during the 1st quarter valued at approximately $484,000. O Shaughnessy Asset Management LLC lifted its position in shares of Escalade by 30.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 31,543 shares of the company’s stock valued at $483,000 after acquiring an additional 7,396 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Escalade by 5.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 24,944 shares of the company’s stock valued at $343,000 after acquiring an additional 1,330 shares during the period. Finally, Ritholtz Wealth Management lifted its position 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 acquiring an additional 2,056 shares during the period. Hedge funds and other institutional investors own 65.22% of the company’s stock.

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.