Escalade, Incorporated (ESCA) Lifted to Hold at Zacks Investment Research

Escalade, Incorporated (ESCA) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Escalade, Incorporated (NASDAQ:ESCA) from a sell rating to a hold rating in a research note released on Tuesday.

According to Zacks, “Escalade, Incorporated is a diversified company engaged in the manufacture and sale of sporting goods products and office and graphic arts products. The company offers a broad and complete product selection that is built on innovation and cutting edge product design. These diverse products include table tennis tables and equipment; pool tables and equipment; other game tables which include table soccer, table hockey, and multi games; basketball systems; and archery Equipment. “

Escalade, (NASDAQ:ESCA) traded up 0.38% on Tuesday, reaching $13.25. The company’s stock had a trading volume of 1,425 shares. The firm has a 50-day moving average of $13.39 and a 200 day moving average of $12.48. The company has a market capitalization of $189.49 million, a price-to-earnings ratio of 17.32 and a beta of 0.37. Escalade, has a 12-month low of $9.70 and a 12-month high of $14.70.

Large investors have recently added to or reduced their stakes in the company. Teachers Advisors Inc. increased its stake in Escalade, by 1.2% in the second quarter. Teachers Advisors Inc. now owns 14,245 shares of the company’s stock worth $146,000 after buying an additional 167 shares during the period. California State Teachers Retirement System boosted its position in shares of Escalade, by 0.9% in the third quarter. California State Teachers Retirement System now owns 22,315 shares of the company’s stock valued at $285,000 after buying an additional 200 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Escalade, by 2.3% in the third quarter. Rhumbline Advisers now owns 13,180 shares of the company’s stock valued at $168,000 after buying an additional 300 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Escalade, by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 71,586 shares of the company’s stock valued at $913,000 after buying an additional 736 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Escalade, by 0.9% in the second quarter. Vanguard Group Inc. now owns 303,389 shares of the company’s stock valued at $3,107,000 after buying an additional 2,794 shares in the last quarter. 24.87% of the stock is owned by hedge funds and other institutional investors.

About Escalade,

Escalade, Incorporated (Escalade) is a manufacturer and distributor of sporting goods through its subsidiary Escalade Sports. The Company operates in Sporting Goods (Escalade Sports) segment. Escalade Sports manufactures, imports and distributes sporting goods brands in basketball goals, archery, indoor and outdoor game recreation and fitness products through sporting goods retailers, specialty dealers, key online retailers, traditional department stores and mass merchants.

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