Escalade (NASDAQ:ESCA) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Escalade, Incorporated (NASDAQ:ESCA) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.62 and traded as low as $13.04. Escalade shares last traded at $13.75, with a volume of 17,307 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised Escalade from a “hold” rating to a “buy” rating in a research note on Thursday, October 10th.

Escalade Trading Up 5.2 %

The stock has a market cap of $190.85 million, a P/E ratio of 14.63 and a beta of 1.22. The company has a current ratio of 3.45, a quick ratio of 1.41 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $13.74 and its 200 day simple moving average is $13.62.

Escalade Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, January 6th will be given a $0.15 dividend. The ex-dividend date is Monday, January 6th. This represents a $0.60 dividend on an annualized basis and a yield of 4.36%. Escalade’s payout ratio is 63.83%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in Escalade by 40.0% in the 1st quarter. BNP Paribas Financial Markets now owns 4,688 shares of the company’s stock valued at $64,000 after buying an additional 1,340 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Escalade during the 1st quarter worth $199,000. Inspire Advisors LLC acquired a new stake in Escalade during the 2nd quarter worth $201,000. Janney Montgomery Scott LLC raised its stake in Escalade by 5.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 24,944 shares of the company’s stock worth $343,000 after buying an additional 1,330 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Escalade by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 126,474 shares of the company’s stock worth $1,744,000 after buying an additional 1,071 shares during the period. 65.22% of the stock is currently owned by institutional investors.

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.