Electro-Sensors (NASDAQ:ELSE) Shares Cross Below 200-Day Moving Average of $3.56

Electro-Sensors, Inc. (NASDAQ:ELSE)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.56 and traded as low as $3.88. Electro-Sensors shares last traded at $3.88, with a volume of 0 shares changing hands.

Separately, TheStreet upgraded Electro-Sensors from a “c+” rating to a “b-” rating in a research report on Monday, September 16th.

The stock has a market cap of $13.14 million, a PE ratio of 38.70 and a beta of 0.26. The stock has a 50-day moving average price of $3.87 and a two-hundred day moving average price of $3.56.

Electro-Sensors (NASDAQ:ELSE) last announced its quarterly earnings results on Monday, August 12th. The scientific and technical instruments company reported $0.03 EPS for the quarter. Electro-Sensors had a net margin of 3.71% and a return on equity of 2.41%. The firm had revenue of $2.26 million during the quarter.

A hedge fund recently bought a new stake in Electro-Sensors stock. Citadel Advisors LLC purchased a new stake in Electro-Sensors, Inc. (NASDAQ:ELSE) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 14,260 shares of the scientific and technical instruments company’s stock, valued at approximately $47,000. Citadel Advisors LLC owned about 0.42% of Electro-Sensors at the end of the most recent quarter. Hedge funds and other institutional investors own 5.76% of the company’s stock.

About Electro-Sensors (NASDAQ:ELSE)

Electro-Sensors, Inc manufactures and sells industrial production monitoring and process control systems. It manufactures and sells various monitoring systems that measure machine production and operation rates, as well as systems that regulate the speed of related machines in production processes. The company's speed monitoring systems include a line of products that measure production counts or rates, such as parts, gallons, or board feet; and alarm systems, tachometers, and other devices that translate impulses from the sensors.

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