Espey Mfg. & Electronics (NYSEAMERICAN:ESP) Lifted to “Buy” at StockNews.com

Espey Mfg. & Electronics (NYSEAMERICAN:ESP) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Sunday.

Espey Mfg. & Electronics Stock Performance

NYSEAMERICAN ESP opened at $30.11 on Friday. The firm has a market capitalization of $82.20 million, a PE ratio of 15.68 and a beta of 0.14. Espey Mfg. & Electronics has a 12 month low of $14.69 and a 12 month high of $32.00.

Institutional Investors Weigh In On Espey Mfg. & Electronics

A number of institutional investors have recently made changes to their positions in the company. Morgan Dempsey Capital Management LLC bought a new stake in Espey Mfg. & Electronics in the 2nd quarter worth about $113,000. Dimensional Fund Advisors LP boosted its holdings in shares of Espey Mfg. & Electronics by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 86,612 shares of the company’s stock valued at $1,841,000 after acquiring an additional 1,591 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Espey Mfg. & Electronics by 3.7% in the second quarter. Renaissance Technologies LLC now owns 111,512 shares of the company’s stock worth $2,370,000 after acquiring an additional 4,000 shares during the period. Ellsworth Advisors LLC purchased a new position in shares of Espey Mfg. & Electronics during the second quarter valued at approximately $476,000. Finally, Perritt Capital Management Inc. lifted its position in Espey Mfg. & Electronics by 66.7% during the first quarter. Perritt Capital Management Inc. now owns 5,500 shares of the company’s stock valued at $139,000 after purchasing an additional 2,201 shares during the period. Hedge funds and other institutional investors own 36.65% of the company’s stock.

Espey Mfg. & Electronics Company Profile

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, manufactures, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company's principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high-power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power applications.