Stock of the Day: Espey MFG & Electronics Corp (NYSEMKT:ESP) Sentiment Crashes in 2016 Q2

November 17, 2016 - By kentuckypostne   ·   0 Comments

Stock of the Day: Espey MFG & Electronics Corp (NYSEMKT:ESP) Sentiment  Crashes in  2016 Q2

Sentiment for Espey MFG & Electronics Corp (NYSEMKT:ESP)

Espey MFG & Electronics Corp (NYSEMKT:ESP) institutional sentiment is 0.67 in Q2 2016. Its the same as in 2016Q1. The ratio is neither positive nor negative, as only 6 funds increased or opened new stock positions, while 9 sold and trimmed holdings in Espey MFG & Electronics Corp. The funds in our partner’s database now have: 588,783 shares, down from 602,713 shares in 2016Q1. Also, the number of funds holding Espey MFG & Electronics Corp in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 8 Increased: 5 New Position: 1.

Espey Mfg. & Electronics Corp. is a power electronics design and original equipment manufacturing (OEM) company. The company has a market cap of $68.73 million. The Firm is engaged in developing and delivering products for use in military and environment applications. It has a 19.91 P/E ratio. The Firm provides power energy conversion and transformer solutions.

It is down 13.69% since April 15, 2016 and is uptrending. It has outperformed by 9.07% the S&P500.

According to Zacks Investment Research, “ESPEY MFG. & ELECTRONICS is engaged principally in the development, design, production and sales of specialized electronic power conditioning apparatus (electronic power supplies), a wide variety of transformers and other types of iron-core components, and electronic systems. In some cases, the Company manufactures such products in accordance with pre-developed mechanical and electrical requirements not requiring environmental testing. The Company does not generally manufacture standardized components.”

Morgan Dempsey Capital Management Llc holds 0.58% of its portfolio in Espey Manufacturing & Electronics Corp. for 65,531 shares. Adirondack Trust Co owns 2,462 shares or 0.05% of their US portfolio. Moreover, Advisory Research Inc has 0.01% invested in the company for 19,306 shares. The New York-based Renaissance Technologies Llc has invested 0.01% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 4 shares.#img1#

ESP Company Profile

Espey Mfg. & Electronics Corp. (Espey), incorporated on July 9, 1928, is a power electronics design and original equipment manufacturing (OEM) company. The Firm is engaged in developing and delivering products for use in military and environment applications. The Firm provides power energy conversion and transformer solutions. The Firm designs, makes and tests in its facility, which is located at 233 Ballston Ave, Saratoga Springs, New York. The Firm operates across the United States and at various international locations.

More important recent Espey Manufacturing & Electronics Corp. (NYSEMKT:ESP) news were published by: Seekingalpha.com which released: “This Obscure Stock Has Huge Potential” on September 13, 2016, also Marketwired.com published article titled: “Espey Mfg. & Electronics Corp. Appoints New President and CEO”, Bizjournals.com published: “Mark St. Pierre resigns as CEO of Espey in Saratoga Springs” on June 03, 2014. More interesting news about Espey Manufacturing & Electronics Corp. (NYSEMKT:ESP) was released by: Nasdaq.com and their article: “Billionaires Hold Three Undervalued, Predictable Stocks with Yield” with publication date: September 16, 2013.

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