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

Escalade, Incorporated (NASDAQ:ESCA)’s stock 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.

Analyst Ratings Changes

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

Escalade Price Performance

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

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

Escalade Dividend Announcement

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 is Monday, July 8th. This represents a $0.60 annualized dividend and a yield of 4.35%. Escalade’s dividend payout ratio is currently 65.93%.

Hedge Funds Weigh In On Escalade

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings 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 buying an additional 1,340 shares during the period. SG Americas Securities LLC bought a new stake in Escalade in the fourth quarter valued at approximately $118,000. Victory Capital Management Inc. increased its stake in Escalade by 40.6% in the fourth 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 in the last quarter. Quadrature Capital Ltd bought a new stake in Escalade in the first quarter valued at approximately $199,000. Finally, Ritholtz Wealth Management increased its stake in Escalade by 13.8% in the fourth 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 in the last quarter. 65.22% of the stock is currently owned by institutional investors and hedge funds.

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.