Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) Sees Large Decline in Short Interest

Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 4,160 shares, a decline of 26.1% from the January 15th total of 5,631 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 16,201 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 16,201 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Espey Mfg. & Electronics Trading Up 3.8%

Espey Mfg. & Electronics stock opened at $52.41 on Friday. Espey Mfg. & Electronics has a 1-year low of $24.85 and a 1-year high of $62.15. The company has a fifty day simple moving average of $49.52 and a 200 day simple moving average of $44.61. The company has a market cap of $155.13 million, a P/E ratio of 15.28 and a beta of 0.16.

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

Espey Mfg. & Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 19th were issued a dividend of $0.25 per share. 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 payout ratio is presently 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.