Escalade (NASDAQ:ESCA) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Escalade, Incorporated (NASDAQ:ESCA) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.71 and traded as high as $14.65. Escalade shares last traded at $14.58, with a volume of 40,603 shares.

Analysts Set New Price Targets

Separately, StockNews.com raised Escalade from a “hold” rating to a “buy” rating in a report on Thursday, October 10th.

Escalade Stock Performance

The stock has a market cap of $211.35 million, a P/E ratio of 16.06 and a beta of 1.22. The company has a quick ratio of 1.41, a current ratio of 3.45 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $13.97 and a two-hundred day moving average price of $13.73.

Escalade Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, January 6th will be given a $0.15 dividend. The ex-dividend date is Monday, January 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.94%. Escalade’s dividend payout ratio is currently 63.83%.

Institutional Investors Weigh In On Escalade

Hedge funds have recently made changes to their positions in the company. Thoroughbred Financial Services LLC purchased a new stake in Escalade during the second quarter valued at approximately $15,458,000. Inspire Advisors LLC raised its holdings in shares of Escalade by 195.4% in the third quarter. Inspire Advisors LLC now owns 43,092 shares of the company’s stock worth $606,000 after buying an additional 28,503 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Escalade in the first quarter worth approximately $199,000. Hohimer Wealth Management LLC purchased a new stake in shares of Escalade in the third quarter worth approximately $166,000. Finally, Barclays PLC raised its holdings in shares of Escalade by 251.3% in the third quarter. Barclays PLC now owns 13,185 shares of the company’s stock worth $186,000 after buying an additional 9,432 shares during the period. 65.22% of the stock is currently owned by hedge funds and other institutional investors.

About Escalade

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.