Escalade (NASDAQ:ESCA) Lifted to Buy at StockNews.com

Escalade (NASDAQ:ESCA) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

Escalade Stock Performance

Shares of ESCA stock opened at $13.83 on Thursday. The business’s 50 day simple moving average is $13.82 and its 200 day simple moving average is $13.56. Escalade has a one year low of $12.34 and a one year high of $22.01. The stock has a market capitalization of $191.71 million, a PE ratio of 15.20 and a beta of 1.22. 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 results on Thursday, July 25th. The company reported $0.20 earnings per share (EPS) for the quarter. The firm 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, research analysts forecast that Escalade will post 0.85 earnings per share for the current year.

Hedge Funds Weigh In On Escalade

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of 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. Inspire Advisors LLC bought a new position in shares of Escalade in the 2nd quarter worth $201,000. Thoroughbred Financial Services LLC bought a new position in shares of Escalade in the 2nd quarter worth $15,458,000. Bank of New York Mellon Corp lifted its holdings 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 in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Escalade in the 1st quarter worth $199,000. 65.22% of the stock is currently 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.