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

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

Escalade Stock Up 1.3 %

Shares of NASDAQ ESCA opened at $13.83 on Thursday. The company has a current ratio of 4.60, a quick ratio of 1.74 and a debt-to-equity ratio of 0.22. The company has a market cap of $191.71 million, a price-to-earnings ratio of 15.20 and a beta of 1.22. Escalade has a 12 month low of $12.34 and a 12 month high of $22.01. The stock has a 50-day moving average price of $13.82 and a two-hundred day moving average price of $13.56.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ESCA. BNP Paribas Financial Markets increased its stake 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 buying an additional 1,340 shares during the period. Victory Capital Management Inc. boosted its holdings 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 during the last quarter. Quadrature Capital Ltd bought a new stake in Escalade in the first quarter valued at approximately $199,000. Inspire Advisors LLC bought a new stake in Escalade in the second quarter valued at approximately $201,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Escalade by 5.6% in the first quarter. Janney Montgomery Scott LLC now owns 24,944 shares of the company’s stock valued at $343,000 after acquiring an additional 1,330 shares during the last quarter. Institutional investors and hedge funds 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.