Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Stock Passes Below 200-Day Moving Average – Here’s Why

Shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $42.47 and traded as low as $38.75. Espey Mfg. & Electronics shares last traded at $39.15, with a volume of 28,890 shares trading hands.

Espey Mfg. & Electronics Stock Performance

The company has a market cap of $115.10 million, a price-to-earnings ratio of 12.43 and a beta of 0.18. The firm’s 50 day simple moving average is $38.29 and its 200-day simple moving average is $42.47.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last issued its earnings results on Tuesday, September 16th. The company reported $1.07 EPS for the quarter. The business had revenue of $9.60 million during the quarter. Espey Mfg. & Electronics had a net margin of 20.46% and a return on equity of 18.06%.

Espey Mfg. & Electronics Dividend Announcement

The firm also recently announced a special dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 19th were paid a $0.75 dividend. This represents a yield of 217.0%. The ex-dividend date of this dividend was Friday, September 19th. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is 40.82%.

Espey Mfg. & Electronics Company Profile

Espey Manufacturing & Electronics Corp. is a power electronics design and original equipment manufacturing company, which engages in developing and delivering products for use in military and severe environment applications. Its products include power supplies, converters, transformers, filters, magnetic components, power distribution equipment, uninterruptible power supply (UPS) systems, and antennas.