Escalade (NASDAQ:ESCA) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Escalade, Incorporated (NASDAQ:ESCA) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.50 and traded as high as $14.93. Escalade shares last traded at $14.93, with a volume of 8,419 shares trading hands.

Escalade Trading Up 1.5 %

The firm’s 50-day simple moving average is $14.99 and its 200 day simple moving average is $14.50. The firm has a market capitalization of $207.18 million, a price-to-earnings ratio of 15.88 and a beta of 1.27. 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 (NASDAQ:ESCA) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $251.51 million during the quarter, compared to analyst estimates of $62.20 million. Escalade had a net margin of 5.20% and a return on equity of 7.17%. Equities analysts expect that Escalade, Incorporated will post 0.93 earnings per share for the current year.

Escalade Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, April 7th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a $0.60 annualized dividend and a yield of 4.02%. Escalade’s dividend payout ratio is presently 65.22%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in Escalade by 250.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company’s stock worth $33,000 after acquiring an additional 1,635 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Escalade by 22.9% during the fourth quarter. Wells Fargo & Company MN now owns 6,870 shares of the company’s stock valued at $98,000 after acquiring an additional 1,278 shares during the last quarter. Hohimer Wealth Management LLC acquired a new position in shares of Escalade during the third quarter worth $166,000. Renaissance Technologies LLC grew its stake in shares of Escalade by 6.9% in the fourth quarter. Renaissance Technologies LLC now owns 12,430 shares of the company’s stock worth $178,000 after purchasing an additional 800 shares during the last quarter. Finally, Barclays PLC increased its holdings in Escalade by 251.3% in the third quarter. Barclays PLC now owns 13,185 shares of the company’s stock valued at $186,000 after purchasing an additional 9,432 shares during the period. Institutional investors and hedge funds 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.