Escalade (NASDAQ:ESCA – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
Escalade Stock Performance
Shares of NASDAQ ESCA traded down $0.15 during trading on Monday, hitting $13.28. The company had a trading volume of 12,497 shares, compared to its average volume of 18,615. The stock has a 50 day simple moving average of $16.31 and a 200 day simple moving average of $17.22. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.60 and a current ratio of 3.98. Escalade has a 12 month low of $11.42 and a 12 month high of $22.01. The firm has a market capitalization of $182.47 million, a P/E ratio of 18.97 and a beta of 1.21.
Institutional Trading of Escalade
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its stake in Escalade by 5.5% in the 3rd quarter. Rhumbline Advisers now owns 10,540 shares of the company’s stock worth $161,000 after acquiring an additional 545 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Escalade by 19.2% in the 4th quarter. Victory Capital Management Inc. now owns 5,004 shares of the company’s stock worth $51,000 after purchasing an additional 806 shares during the period. Royal Bank of Canada boosted its holdings in shares of Escalade by 3.6% in the 4th quarter. Royal Bank of Canada now owns 30,279 shares of the company’s stock worth $608,000 after purchasing an additional 1,044 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Escalade by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 144,703 shares of the company’s stock worth $1,910,000 after purchasing an additional 1,045 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Escalade by 1.3% in the 4th quarter. Northern Trust Corp now owns 91,685 shares of the company’s stock worth $1,842,000 after purchasing an additional 1,157 shares during the period. Institutional investors own 25.12% 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.