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

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

Escalade Price Performance

NASDAQ:ESCA traded down $0.55 during trading hours on Wednesday, hitting $14.07. The company’s stock had a trading volume of 16,703 shares, compared to its average volume of 19,202. The stock has a fifty day simple moving average of $13.73 and a 200-day simple moving average of $13.60. The company has a market capitalization of $195.01 million, a P/E ratio of 15.46 and a beta of 1.22. Escalade has a twelve month low of $12.34 and a twelve month high of $22.01. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.60 and a quick ratio of 1.74.

Escalade (NASDAQ:ESCA) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.20 earnings per share for the quarter. Escalade had a return on equity of 7.16% and a net margin of 4.55%. The business had revenue of $62.53 million during the quarter. On average, analysts anticipate that Escalade will post 0.85 EPS for the current fiscal year.

Institutional Trading of Escalade

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thoroughbred Financial Services LLC bought a new position in shares of Escalade in the second quarter valued at $15,458,000. Prosperity Consulting Group LLC bought a new position in Escalade in the 1st quarter valued at about $484,000. Inspire Advisors LLC acquired a new position in Escalade during the 2nd quarter valued at about $201,000. Quadrature Capital Ltd bought a new stake in Escalade during the 1st quarter worth approximately $199,000. Finally, Vanguard Group Inc. raised its stake in shares of Escalade by 0.7% in the first quarter. Vanguard Group Inc. now owns 498,945 shares of the company’s stock worth $6,860,000 after purchasing an additional 3,569 shares during the last quarter. 65.22% of the stock is owned by institutional investors.

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.