Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $41.22 and traded as low as $37.65. Espey Mfg. & Electronics shares last traded at $39.00, with a volume of 9,963 shares traded.

Espey Mfg. & Electronics Stock Up 3.3%

The firm’s 50-day moving average price is $42.71 and its 200 day moving average price is $41.22. The company has a market capitalization of $113.88 million, a P/E ratio of 13.00 and a beta of 0.17.

Espey Mfg. & Electronics Dividend Announcement

The firm also recently declared a special dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 19th were paid 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 dividend payout ratio is presently 40.82%.

Institutional Trading of Espey Mfg. & Electronics

A hedge fund recently raised its stake in Espey Mfg. & Electronics stock. De Lisle Partners LLP boosted its position in Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) by 11.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,023 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. De Lisle Partners LLP owned about 1.79% of Espey Mfg. & Electronics worth $1,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 36.65% of the stock is currently owned by institutional investors.

About Espey Mfg. & Electronics

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.