Escalade (NASDAQ:ESCA) Stock Passes Below 200 Day Moving Average of $13.60

Escalade, Incorporated (NASDAQ:ESCA) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.60 and traded as low as $12.81. Escalade shares last traded at $13.84, with a volume of 89,470 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Escalade from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd.

Escalade Trading Up 5.6 %

The business’s 50 day moving average price is $13.69 and its two-hundred day moving average price is $13.60. The company has a current ratio of 4.60, a quick ratio of 1.74 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $191.82 million, a price-to-earnings ratio of 15.21 and a beta of 1.22.

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

Escalade Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, October 7th will be paid a $0.15 dividend. The ex-dividend date is Monday, October 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.34%. Escalade’s payout ratio is 65.93%.

Hedge Funds Weigh In On Escalade

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its position in shares of Escalade by 40.6% during the fourth quarter. Victory Capital Management Inc. now owns 7,037 shares of the company’s stock valued at $141,000 after buying an additional 2,033 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Escalade by 6.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,614 shares of the company’s stock valued at $474,000 after purchasing an additional 1,369 shares during the period. Prosperity Consulting Group LLC purchased a new stake in Escalade in the first quarter worth $484,000. BNP Paribas Financial Markets lifted its stake in Escalade by 40.0% in the first quarter. BNP Paribas Financial Markets now owns 4,688 shares of the company’s stock worth $64,000 after acquiring an additional 1,340 shares during the period. Finally, Vanguard Group Inc. lifted its stake in 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 acquiring an additional 3,569 shares during the period. 65.22% of the stock is owned by hedge funds and other institutional investors.

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.