Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP)’s stock 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 trading hands.

Espey Mfg. & Electronics Stock Performance

The stock has a market cap of $110.08 million, a PE ratio of 12.52 and a beta of 0.17. The firm has a 50-day moving average price of $41.53 and a 200-day moving average price of $41.65.

Espey Mfg. & Electronics Announces Dividend

The firm also recently declared a special dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 19th were given a $0.75 dividend. The ex-dividend date was Friday, September 19th. This represents a yield of 217.0%. Espey Mfg. & Electronics’s dividend payout ratio (DPR) is presently 40.82%.

Institutional Trading of Espey Mfg. & Electronics

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