Escalade (NASDAQ:ESCA) Rating Lowered to Hold at StockNews.com

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

Escalade Trading Up 1.7 %

Shares of ESCA stock opened at $14.00 on Tuesday. The firm has a market cap of $194.04 million, a P/E ratio of 19.72 and a beta of 1.21. Escalade has a 1-year low of $11.42 and a 1-year high of $22.01. The company has a debt-to-equity ratio of 0.27, a current ratio of 4.41 and a quick ratio of 1.63. The firm’s 50-day simple moving average is $13.99 and its 200-day simple moving average is $16.94.

Escalade (NASDAQ:ESCA) last announced its quarterly earnings data on Friday, March 29th. The company reported $0.21 earnings per share for the quarter. Escalade had a net margin of 3.73% and a return on equity of 6.14%. The business had revenue of $65.51 million for the quarter. As a group, equities analysts forecast that Escalade will post 1.29 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ESCA. Janney Montgomery Scott LLC grew its position in Escalade by 6.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 23,614 shares of the company’s stock valued at $474,000 after acquiring an additional 1,369 shares in the last quarter. Barclays PLC acquired a new stake in Escalade in the second quarter valued at approximately $27,000. Victory Capital Management Inc. grew its position in Escalade by 40.6% in the fourth quarter. Victory Capital Management Inc. now owns 7,037 shares of the company’s stock valued at $141,000 after acquiring an additional 2,033 shares in the last quarter. Ritholtz Wealth Management grew its position in Escalade by 13.8% in the fourth quarter. Ritholtz Wealth Management now owns 16,940 shares of the company’s stock valued at $340,000 after acquiring an additional 2,056 shares in the last quarter. Finally, Denali Advisors LLC acquired a new stake in Escalade in the third quarter valued at approximately $47,000. 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.