Escalade (NASDAQ:ESCA) Stock Rating Lowered by Zacks Investment Research

Escalade (NASDAQ:ESCAGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “Escalade, Incorporated is a diversified company engaged in the manufacture and sale of sporting goods products and office and graphic arts products. The company offers a broad and complete product selection that is built on innovation and cutting edge product design. These diverse products include table tennis tables and equipment; pool tables and equipment; other game tables which include table soccer, table hockey, and multi games; basketball systems; and archery Equipment. “

Several other equities analysts have also recently issued reports on the company. StockNews.com began coverage on Escalade in a research note on Thursday, March 31st. They issued a “hold” rating for the company. TheStreet cut Escalade from a “b-” rating to a “c+” rating in a research note on Wednesday, March 2nd.

Escalade stock traded down $0.29 during midday trading on Tuesday, reaching $12.53. 24,189 shares of the stock traded hands, compared to its average volume of 33,598. The company has a 50-day simple moving average of $13.37 and a two-hundred day simple moving average of $14.72. Escalade has a 12-month low of $12.18 and a 12-month high of $25.72. The firm has a market cap of $170.22 million, a PE ratio of 6.74 and a beta of 1.25. The company has a current ratio of 3.58, a quick ratio of 1.54 and a debt-to-equity ratio of 0.61.

Escalade (NASDAQ:ESCAGet Rating) last announced its earnings results on Thursday, April 14th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.21. Escalade had a return on equity of 17.42% and a net margin of 7.84%. During the same quarter in the previous year, the business posted $0.39 earnings per share. Equities research analysts anticipate that Escalade will post 1.84 earnings per share for the current year.

In other news, CEO Walter P. Jr. Glazer purchased 3,312 shares of the business’s stock in a transaction on Friday, March 4th. The shares were bought at an average price of $13.13 per share, with a total value of $43,486.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.45% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in Escalade during the fourth quarter worth approximately $213,000. Renaissance Technologies LLC grew its stake in shares of Escalade by 33.3% in the 3rd quarter. Renaissance Technologies LLC now owns 56,030 shares of the company’s stock valued at $1,060,000 after purchasing an additional 14,000 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Escalade in the 3rd quarter valued at approximately $139,000. Wilen Investment Management CORP. purchased a new position in shares of Escalade in the 3rd quarter valued at approximately $119,000. Finally, North Star Investment Management Corp. boosted its stake in shares of Escalade by 1.7% in the fourth quarter. North Star Investment Management Corp. now owns 539,883 shares of the company’s stock valued at $8,525,000 after buying an additional 8,832 shares in the last quarter. 27.84% of the stock is currently owned by institutional investors.

About Escalade (Get Rating)

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.

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