Escalade (NASDAQ:ESCA) Stock Rating Lowered by StockNews.com

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

Escalade Price Performance

Shares of NASDAQ ESCA opened at $13.46 on Tuesday. Escalade has a fifty-two week low of $11.42 and a fifty-two week high of $22.01. The company has a 50 day simple moving average of $14.07 and a two-hundred day simple moving average of $16.98. The company has a market capitalization of $186.56 million, a price-to-earnings ratio of 18.96 and a beta of 1.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.63 and a current ratio of 4.41.

Institutional Investors Weigh In On Escalade

Several institutional investors and hedge funds have recently made changes to their positions in ESCA. Barclays PLC bought a new stake in shares of Escalade during the second quarter valued at approximately $27,000. Ritholtz Wealth Management bought a new stake in shares of Escalade during the third quarter valued at approximately $228,000. Denali Advisors LLC bought a new stake in shares of Escalade during the third quarter valued at approximately $47,000. Arete Wealth Advisors LLC bought a new stake in Escalade in the 3rd quarter worth approximately $291,000. Finally, O Shaughnessy Asset Management LLC grew its position in Escalade by 30.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 31,543 shares of the company’s stock worth $483,000 after purchasing an additional 7,396 shares during the period. Institutional investors 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.