Electro-Sensors (NASDAQ:ELSE) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Shares of Electro-Sensors, Inc. (NASDAQ:ELSE) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.96 and traded as high as $7.68. Electro-Sensors shares last traded at $7.68, with a volume of 37,979 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Electro-Sensors from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Electro-Sensors currently has an average rating of “Hold”.

Electro-Sensors Stock Up 0.3%

The firm has a market cap of $27.11 million, a P/E ratio of 96.01 and a beta of 0.64. The firm’s fifty day moving average is $5.96 and its two-hundred day moving average is $4.95.

Electro-Sensors (NASDAQ:ELSE) last issued its quarterly earnings results on Thursday, May 14th. The scientific and technical instruments company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $2.58 million during the quarter. Electro-Sensors had a return on equity of 1.73% and a net margin of 2.42%.

About Electro-Sensors

Electro-Sensors, Inc engages in the manufacture and selling of industrial production monitoring and process control systems. Its products include shaft speed witches; wireless hazard monitoring; temperature sensor; slide gate and angle position; bearing sensors and belt alignment; and motor drive control. The company was founded by James P. Slattery in 1965 and is headquartered in Minnetonka, MN.