Escalade (NASDAQ:ESCA) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Escalade (NASDAQ:ESCA) from a hold rating to a buy rating in a report published on Monday.

Escalade Price Performance

Shares of ESCA opened at $12.76 on Monday. The company has a quick ratio of 1.63, a current ratio of 4.41 and a debt-to-equity ratio of 0.27. Escalade has a twelve month low of $11.42 and a twelve month high of $22.01. The company has a market capitalization of $176.85 million, a P/E ratio of 17.97 and a beta of 1.21. The firm has a 50 day moving average of $14.35 and a 200 day moving average of $17.03.

Escalade Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 15th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date is Friday, April 12th. Escalade’s dividend payout ratio (DPR) is presently 84.51%.

Institutional Investors Weigh In On Escalade

A number of large investors have recently added to or reduced their stakes in ESCA. Barclays PLC bought a new stake in Escalade in the 2nd quarter worth approximately $27,000. Citigroup Inc. bought a new stake in Escalade in the 2nd quarter worth approximately $40,000. California State Teachers Retirement System bought a new stake in Escalade in the 2nd quarter worth approximately $44,000. UBS Group AG purchased a new position in shares of Escalade during the 4th quarter worth $47,000. Finally, BNP Paribas Arbitrage SNC purchased a new position in shares of Escalade during the 2nd quarter worth $47,000. 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.