Escalade (NASDAQ:ESCA) Stock Rating Lowered by 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 on Wednesday.

Escalade Price Performance

Shares of Escalade stock opened at $13.88 on Wednesday. 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 has a one year low of $12.34 and a one year high of $22.01. The business’s 50 day simple moving average is $13.71 and its two-hundred day simple moving average is $13.58. The stock has a market capitalization of $192.40 million, a P/E ratio of 15.25 and a beta of 1.22.

Escalade (NASDAQ:ESCA) last issued its earnings results on Thursday, July 25th. The company reported $0.20 EPS for the quarter. The company had revenue of $62.53 million for the quarter. Escalade had a net margin of 4.55% and a return on equity of 7.16%. Analysts forecast that Escalade will post 0.85 EPS for the current year.

Institutional Investors Weigh In On Escalade

Institutional investors and hedge funds have recently bought and sold shares of the business. Thoroughbred Financial Services LLC bought a new position in shares of Escalade during the second quarter valued at approximately $15,458,000. Vanguard Group Inc. increased its position in Escalade by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 498,945 shares of the company’s stock valued at $6,860,000 after purchasing an additional 3,569 shares during the period. Dimensional Fund Advisors LP raised its holdings in Escalade by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 458,464 shares of the company’s stock worth $6,322,000 after purchasing an additional 1,365 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Escalade by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 126,474 shares of the company’s stock worth $1,744,000 after purchasing an additional 1,071 shares during the period. Finally, Prosperity Consulting Group LLC bought a new stake in shares of Escalade during the 1st quarter valued at about $484,000. Hedge funds and other 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.