ESPEY MFG & ELECTRONICS (NYSE:ESP) Stock Rating Upgraded by Wall Street Zen

ESPEY MFG & ELECTRONICS (NYSE:ESP) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.

ESPEY MFG & ELECTRONICS Price Performance

NYSE:ESP opened at $35.42 on Wednesday. The firm has a market cap of $100.27 million, a P/E ratio of 13.22 and a beta of -0.01. ESPEY MFG & ELECTRONICS has a 52-week low of $20.20 and a 52-week high of $36.81.

Insider Activity at ESPEY MFG & ELECTRONICS

In other ESPEY MFG & ELECTRONICS news, Director Paul J. Corr sold 1,600 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $36.38, for a total transaction of $58,208.00. Following the sale, the director now owns 20,439 shares in the company, valued at $743,570.82. This trade represents a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David A. Oneil sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $35.80, for a total value of $179,000.00. Following the sale, the chief executive officer now owns 5,000 shares in the company, valued at $179,000. The trade was a 50.00% decrease in their position. The disclosure for this sale can be found here. 6.78% of the stock is owned by corporate insiders.

ESPEY MFG & ELECTRONICS Company Profile

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company’s principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high-power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power applications.