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

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

Escalade Trading Down 0.4 %

Shares of ESCA stock opened at $13.88 on Wednesday. Escalade has a 1 year low of $12.34 and a 1 year high of $22.01. The company’s fifty day simple moving average is $13.71 and its two-hundred day simple moving average is $13.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.60 and a quick ratio of 1.74. The stock has a market capitalization of $192.40 million, a price-to-earnings ratio of 15.25 and a beta of 1.22.

Escalade (NASDAQ:ESCA) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.20 earnings per share (EPS) for the quarter. The business 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%. As a group, analysts anticipate that Escalade will post 0.85 earnings per share for the current year.

Institutional Trading of Escalade

Large investors have recently modified their holdings of the business. Thoroughbred Financial Services LLC purchased a new stake in Escalade in the second quarter valued at approximately $15,458,000. Prosperity Consulting Group LLC purchased a new stake in shares of Escalade during the 1st quarter valued at $484,000. Inspire Advisors LLC bought a new stake in shares of Escalade during the 2nd quarter worth $201,000. Quadrature Capital Ltd purchased a new position in Escalade in the first quarter worth $199,000. Finally, Vanguard Group Inc. increased its stake in Escalade by 0.7% in the first quarter. Vanguard Group Inc. now owns 498,945 shares of the company’s stock valued at $6,860,000 after acquiring an additional 3,569 shares during the last quarter. 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.