Escalade (NASDAQ:ESCA) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Shares of Escalade, Incorporated (NASDAQ:ESCA) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.50 and traded as high as $14.93. Escalade shares last traded at $14.93, with a volume of 8,419 shares changing hands.

Escalade Stock Up 1.1 %

The company has a market cap of $209.54 million, a P/E ratio of 16.06 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.45 and a quick ratio of 1.41. The company’s 50-day moving average is $15.01 and its two-hundred day moving average is $14.51.

Escalade (NASDAQ:ESCA) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $251.51 million for the quarter, compared to the consensus estimate of $62.20 million. Escalade had a net margin of 5.20% and a return on equity of 7.17%. As a group, equities analysts predict that Escalade, Incorporated will post 0.93 earnings per share for the current fiscal year.

Escalade Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, April 7th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Monday, April 7th. Escalade’s dividend payout ratio (DPR) is currently 65.22%.

Institutional Investors Weigh In On Escalade

Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC grew its position in Escalade by 6.9% in the 4th quarter. Renaissance Technologies LLC now owns 12,430 shares of the company’s stock worth $178,000 after purchasing an additional 800 shares during the period. Wells Fargo & Company MN grew its position in Escalade by 22.9% in the 4th quarter. Wells Fargo & Company MN now owns 6,870 shares of the company’s stock worth $98,000 after purchasing an additional 1,278 shares during the period. Tower Research Capital LLC TRC grew its position in Escalade by 250.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,288 shares of the company’s stock worth $33,000 after purchasing an additional 1,635 shares during the period. Barclays PLC grew its position in Escalade by 14.1% in the 4th quarter. Barclays PLC now owns 15,041 shares of the company’s stock worth $214,000 after purchasing an additional 1,856 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Escalade by 8.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 28,786 shares of the company’s stock worth $411,000 after purchasing an additional 2,221 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.