Escalade (NASDAQ:ESCA) Stock Price Passes Below 200-Day Moving Average of $17.09

Escalade, Incorporated (NASDAQ:ESCA)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.09 and traded as low as $13.14. Escalade shares last traded at $13.23, with a volume of 17,439 shares.

Analysts Set New Price Targets

Separately, StockNews.com cut Escalade from a “buy” rating to a “hold” rating in a report on Monday, March 18th.

Escalade Stock Performance

The company has a current ratio of 4.41, a quick ratio of 1.63 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average price of $14.62 and a 200 day moving average price of $17.09. The firm has a market cap of $183.39 million, a PE ratio of 18.63 and a beta of 1.21.

Escalade Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.60 annualized dividend and a yield of 4.54%. Escalade’s payout ratio is 84.51%.

Institutional Trading of Escalade

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James & Associates increased its stake in Escalade by 146.2% during the first quarter. Raymond James & Associates now owns 31,718 shares of the company’s stock worth $419,000 after acquiring an additional 18,834 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Escalade by 0.7% during 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 last quarter. Dimensional Fund Advisors LP raised its holdings in Escalade by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 478,109 shares of the company’s stock valued at $6,312,000 after buying an additional 16,186 shares during the period. Vanguard Group Inc. lifted its position in Escalade by 3.3% in the first quarter. Vanguard Group Inc. now owns 422,047 shares of the company’s stock valued at $5,571,000 after buying an additional 13,578 shares during the last quarter. Finally, State Street Corp boosted its stake in Escalade by 1.3% during the first quarter. State Street Corp now owns 171,364 shares of the company’s stock worth $2,262,000 after buying an additional 2,249 shares during the period. Institutional investors and hedge funds 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.