Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Upgraded by StockNews.com to “Buy”

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Sunday.

Espey Mfg. & Electronics Stock Up 2.3 %

Shares of Espey Mfg. & Electronics stock opened at $24.81 on Friday. Espey Mfg. & Electronics has a fifty-two week low of $14.69 and a fifty-two week high of $27.32. The firm has a market capitalization of $67.73 million, a P/E ratio of 12.92 and a beta of 0.14.

Institutional Investors Weigh In On Espey Mfg. & Electronics

Several large investors have recently made changes to their positions in the company. Adirondack Trust Co. grew its holdings in shares of Espey Mfg. & Electronics by 7.2% in the first quarter. Adirondack Trust Co. now owns 6,373 shares of the company’s stock valued at $161,000 after purchasing an additional 426 shares in the last quarter. Perritt Capital Management Inc. lifted its position in Espey Mfg. & Electronics by 66.7% during the first quarter. Perritt Capital Management Inc. now owns 5,500 shares of the company’s stock valued at $139,000 after purchasing an additional 2,201 shares during the last quarter. Ellsworth Advisors LLC purchased a new position in shares of Espey Mfg. & Electronics in the 2nd quarter worth $476,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of Espey Mfg. & Electronics in the 2nd quarter worth about $113,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Espey Mfg. & Electronics by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 86,612 shares of the company’s stock valued at $1,841,000 after buying an additional 1,591 shares in the last quarter. 36.65% of the stock is owned by institutional investors.

Espey Mfg. & Electronics Company Profile

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company's principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high-power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power applications.