Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $41.51 and traded as low as $36.82. Espey Mfg. & Electronics shares last traded at $37.20, with a volume of 9,992 shares.

Espey Mfg. & Electronics Price Performance

The stock’s fifty day moving average price is $41.71 and its 200-day moving average price is $41.51. The firm has a market cap of $109.00 million, a PE ratio of 12.40 and a beta of 0.17.

Espey Mfg. & Electronics Dividend Announcement

The business also recently announced a special dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 19th were issued a dividend of $0.75 per share. This represents a dividend yield of 217.0%. The ex-dividend date was Friday, September 19th. Espey Mfg. & Electronics’s payout ratio is currently 40.82%.

Institutional Investors Weigh In On Espey Mfg. & Electronics

A hedge fund recently raised its stake in Espey Mfg. & Electronics stock. De Lisle Partners LLP increased its stake in shares of Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) by 11.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,023 shares of the company’s stock after buying an additional 5,000 shares during the quarter. De Lisle Partners LLP owned about 1.79% of Espey Mfg. & Electronics worth $1,351,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 36.65% of the company’s stock.

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.