Escalade (NASDAQ:ESCA) Stock Rating Lowered by StockNews.com

Escalade (NASDAQ:ESCA) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Escalade Trading Down 1.5 %

Shares of NASDAQ ESCA traded down $0.21 during midday trading on Wednesday, hitting $13.93. The stock had a trading volume of 14,100 shares, compared to its average volume of 20,071. The company has a fifty day moving average price of $13.73 and a 200 day moving average price of $13.58. The company has a market capitalization of $193.10 million, a price-to-earnings ratio of 15.31 and a beta of 1.22. The company has a quick ratio of 1.74, a current ratio of 4.60 and a debt-to-equity ratio of 0.22. Escalade has a 1-year low of $12.34 and a 1-year high of $22.01.

Escalade (NASDAQ:ESCA) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.20 earnings per share for the quarter. Escalade had a return on equity of 7.16% and a net margin of 4.55%. The business had revenue of $62.53 million during the quarter. On average, analysts predict that Escalade will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ESCA. BNP Paribas Financial Markets grew its position in Escalade by 40.0% in the first quarter. BNP Paribas Financial Markets now owns 4,688 shares of the company’s stock valued at $64,000 after acquiring an additional 1,340 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Escalade in the first quarter worth $199,000. Inspire Advisors LLC bought a new stake in shares of Escalade in the second quarter worth $201,000. Janney Montgomery Scott LLC raised its position in Escalade by 5.6% during the first quarter. Janney Montgomery Scott LLC now owns 24,944 shares of the company’s stock worth $343,000 after acquiring an additional 1,330 shares in the last quarter. Finally, Prosperity Consulting Group LLC bought a new stake in Escalade during the first quarter worth $484,000. Institutional investors and hedge funds 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.