Escalade (NASDAQ:ESCA) Shares Cross Above 200 Day Moving Average of $13.55

Escalade, Incorporated (NASDAQ:ESCA) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.55 and traded as high as $14.42. Escalade shares last traded at $13.99, with a volume of 19,145 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Escalade from a “hold” rating to a “buy” rating in a report on Thursday, September 19th.

Escalade Trading Down 0.1 %

The company has a fifty day simple moving average of $13.77 and a 200-day simple moving average of $13.56. 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 stock has a market cap of $193.79 million, a price-to-earnings ratio of 15.36 and a beta of 1.22.

Escalade (NASDAQ:ESCA) last posted its quarterly earnings data 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%. On average, research analysts forecast that Escalade, Incorporated will post 0.85 earnings per share for the current fiscal year.

Escalade Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, October 7th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.29%. Escalade’s dividend payout ratio is 65.93%.

Hedge Funds Weigh In On Escalade

A number of large investors have recently made changes to their positions in ESCA. Janney Montgomery Scott LLC increased its holdings in shares of Escalade by 6.2% in the 4th 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 bought a new stake in shares of Escalade in the 1st quarter valued at approximately $484,000. BNP Paribas Financial Markets grew 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 buying an additional 1,340 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Escalade by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 498,945 shares of the company’s stock valued at $6,860,000 after buying an additional 3,569 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Escalade in the 1st quarter valued at approximately $199,000. Institutional investors and hedge funds own 65.22% of the company’s stock.

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.