Escalade (NASDAQ:ESCA) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Escalade, Incorporated (NASDAQ:ESCA) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.71 and traded as high as $14.65. Escalade shares last traded at $14.58, with a volume of 40,603 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Escalade from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th.

Escalade Price Performance

The firm’s 50-day moving average is $13.95 and its two-hundred day moving average is $13.71. The company has a market cap of $202.37 million, a P/E ratio of 15.51 and a beta of 1.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.45 and a quick ratio of 1.41.

Escalade Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, January 6th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.12%. The ex-dividend date is Monday, January 6th. Escalade’s dividend payout ratio is presently 63.83%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in Escalade by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 126,474 shares of the company’s stock valued at $1,744,000 after acquiring an additional 1,071 shares during the last quarter. Janney Montgomery Scott LLC increased 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 valued at $343,000 after acquiring an additional 1,330 shares during the last quarter. BNP Paribas Financial Markets increased its position in Escalade by 40.0% during 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 last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Escalade by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 458,464 shares of the company’s stock worth $6,322,000 after purchasing an additional 1,365 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Escalade by 0.7% in the first quarter. Vanguard Group Inc. now owns 498,945 shares of the company’s stock worth $6,860,000 after purchasing an additional 3,569 shares during the last quarter. Institutional investors own 65.22% of the company’s stock.

Escalade Company Profile

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.