Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Stock Rating Upgraded by StockNews.com

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.

Espey Mfg. & Electronics Stock Up 1.9 %

ESP stock opened at $29.48 on Thursday. The company has a market cap of $82.25 million, a P/E ratio of 11.98 and a beta of 0.15. Espey Mfg. & Electronics has a 1 year low of $16.50 and a 1 year high of $33.00.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last announced its quarterly earnings results on Friday, September 27th. The company reported $0.73 earnings per share (EPS) for the quarter. Espey Mfg. & Electronics had a net margin of 15.56% and a return on equity of 15.66%. The company had revenue of $11.61 million during the quarter.

Insider Buying and Selling

In other news, insider Peggy A. Murphy sold 1,018 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $29.40, for a total value of $29,929.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.78% of the stock is owned by corporate insiders.

Institutional Trading of Espey Mfg. & Electronics

Several institutional investors have recently added to or reduced their stakes in ESP. Morgan Dempsey Capital Management LLC acquired a new stake in Espey Mfg. & Electronics during the second quarter worth approximately $113,000. Perritt Capital Management Inc. boosted its holdings in shares of Espey Mfg. & Electronics by 66.7% during the 1st quarter. Perritt Capital Management Inc. now owns 5,500 shares of the company’s stock worth $139,000 after buying an additional 2,201 shares in the last quarter. Secure Asset Management LLC acquired a new stake in shares of Espey Mfg. & Electronics during the 3rd quarter worth approximately $219,000. Ellsworth Advisors LLC bought a new stake in shares of Espey Mfg. & Electronics in the 2nd quarter valued at $476,000. Finally, Geode Capital Management LLC lifted its position in shares of Espey Mfg. & Electronics by 55.3% during the 3rd quarter. Geode Capital Management LLC now owns 23,907 shares of the company’s stock valued at $719,000 after acquiring an additional 8,511 shares during the period. 36.65% of the stock is currently owned by institutional investors.

About Espey Mfg. & Electronics

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.