StockNews.com Downgrades Escalade (NASDAQ:ESCA) to Hold

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

Escalade Trading Up 2.8 %

Shares of ESCA opened at $14.47 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.74 and a current ratio of 4.60. Escalade has a 52-week low of $12.34 and a 52-week high of $22.01. The firm has a market cap of $200.58 million, a price-to-earnings ratio of 15.90 and a beta of 1.22. The business’s fifty day moving average is $13.75 and its 200-day moving average is $13.61.

Escalade (NASDAQ:ESCA) last released its 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 return on equity of 7.16% and a net margin of 4.55%. Equities analysts anticipate that Escalade will post 0.85 EPS for the current fiscal year.

Institutional Trading of Escalade

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its stake in shares of Escalade by 40.0% in the 1st 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. Victory Capital Management Inc. increased its holdings in Escalade by 40.6% in the 4th quarter. Victory Capital Management Inc. now owns 7,037 shares of the company’s stock worth $141,000 after purchasing an additional 2,033 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Escalade in the 1st quarter worth about $199,000. Inspire Advisors LLC bought a new position in Escalade in the second quarter valued at about $201,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of 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 purchasing an additional 1,330 shares in the last quarter. 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.