Escalade (NASDAQ:ESCA) Share Price Crosses Below 200 Day Moving Average of $15.38

Shares of Escalade, Incorporated (NASDAQ:ESCA) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.38 and traded as low as $13.11. Escalade shares last traded at $13.79, with a volume of 112,984 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Escalade from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st.

Escalade Stock Performance

The company has a quick ratio of 1.63, a current ratio of 4.44 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $13.40 and a two-hundred day simple moving average of $15.36. The company has a market cap of $191.13 million, a P/E ratio of 15.15 and a beta of 1.23.

Escalade (NASDAQ:ESCA) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.13 EPS for the quarter. The business had revenue of $57.30 million during the quarter. Escalade had a return on equity of 7.74% and a net margin of 4.76%. On average, sell-side analysts anticipate that Escalade, Incorporated will post 1.29 EPS for the current year.

Escalade Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Monday, July 8th. Escalade’s payout ratio is 65.93%.

Institutional Trading of Escalade

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its position in Escalade by 40.0% in the first quarter. BNP Paribas Financial Markets now owns 4,688 shares of the company’s stock worth $64,000 after buying an additional 1,340 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Escalade during the fourth quarter worth about $118,000. Victory Capital Management Inc. grew its position in shares of Escalade by 40.6% during the fourth quarter. Victory Capital Management Inc. now owns 7,037 shares of the company’s stock worth $141,000 after purchasing an additional 2,033 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Escalade during the first quarter worth about $199,000. Finally, Ritholtz Wealth Management grew its position in shares of Escalade by 13.8% during the fourth quarter. Ritholtz Wealth Management now owns 16,940 shares of the company’s stock worth $340,000 after purchasing an additional 2,056 shares in the last quarter. Hedge funds and other institutional investors 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.