Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Sees Significant Decrease in Short Interest

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 4,160 shares, a decrease of 26.1% from the January 15th total of 5,631 shares. Based on an average daily trading volume, of 16,201 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 16,201 shares, the short-interest ratio is currently 0.3 days.

Espey Mfg. & Electronics Stock Up 3.8%

Espey Mfg. & Electronics stock traded up $1.91 during trading hours on Friday, hitting $52.41. The stock had a trading volume of 36,189 shares, compared to its average volume of 22,663. The company has a 50-day moving average of $49.52 and a two-hundred day moving average of $44.59. Espey Mfg. & Electronics has a fifty-two week low of $24.85 and a fifty-two week high of $62.15. The company has a market cap of $155.13 million, a PE ratio of 15.28 and a beta of 0.16.

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.23. Espey Mfg. & Electronics had a return on equity of 19.09% and a net margin of 23.37%.The company had revenue of $12.14 million for the quarter, compared to the consensus estimate of $12.40 million.

Espey Mfg. & Electronics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 19th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, December 19th. Espey Mfg. & Electronics’s dividend payout ratio is 40.82%.

Espey Mfg. & Electronics Company Profile

Espey Manufacturing & Electronics Corp., founded in 1961 and headquartered in Lowell, Massachusetts, specializes in the design, development and manufacture of precision electronic components and sensor systems. The company’s core product offerings include magnetostrictive transducers, torque and position sensors, wideband RF and microwave amplifiers, as well as high-reliability printed circuit boards and molded bus assemblies. These solutions are engineered to withstand harsh operating environments and meet stringent performance requirements.

Espey’s sensor technologies are employed in applications ranging from industrial automation and energy production to commercial and military aerospace platforms.