Escalade (NASDAQ:ESCA) Cut to “Hold” at StockNews.com

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

Escalade Stock Down 3.8 %

Shares of ESCA traded down $0.55 during midday trading on Wednesday, hitting $14.07. The stock had a trading volume of 16,703 shares, compared to its average volume of 19,202. The firm has a market cap of $195.01 million, a price-to-earnings ratio of 15.46 and a beta of 1.22. The company has a 50 day simple moving average of $13.73 and a two-hundred day simple moving average of $13.60. 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 announced its earnings results on Thursday, July 25th. The company reported $0.20 earnings per share (EPS) 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 for the quarter. On average, analysts anticipate that Escalade will post 0.85 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its position in shares of Escalade by 40.0% in the first quarter. BNP Paribas Financial Markets now owns 4,688 shares of the company’s stock valued at $64,000 after purchasing an additional 1,340 shares during the last quarter. Victory Capital Management Inc. lifted its holdings 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 buying an additional 2,033 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Escalade in the first quarter valued at about $199,000. Inspire Advisors LLC bought a new position in Escalade during the second quarter worth about $201,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Escalade by 5.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 24,944 shares of the company’s stock valued at $343,000 after purchasing an additional 1,330 shares during the period. 65.22% of the stock is owned by institutional investors and hedge funds.

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.