Electro-Sensors, Inc. (NASDAQ:ELSE) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 3,800 shares, a decrease of 13.6% from the September 30th total of 4,400 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 4,900 shares, the short-interest ratio is currently 0.8 days.
A number of equities analysts have recently issued reports on ELSE shares. ValuEngine raised Electro-Sensors from a “hold” rating to a “buy” rating in a research note on Wednesday. TheStreet raised Electro-Sensors from a “c+” rating to a “b-” rating in a research note on Monday, September 16th.
Shares of ELSE stock traded up $0.03 during trading hours on Friday, reaching $3.55. 2,500 shares of the company’s stock were exchanged, compared to its average volume of 1,711. The company’s 50 day moving average is $3.82 and its two-hundred day moving average is $3.64. The company has a market cap of $11.95 million, a P/E ratio of 70.37 and a beta of 0.26. Electro-Sensors has a 1 year low of $3.11 and a 1 year high of $4.01.
Electro-Sensors (NASDAQ:ELSE) last released its quarterly earnings results on Tuesday, November 12th. The scientific and technical instruments company reported $0.01 earnings per share for the quarter. The company had revenue of $2.05 million during the quarter. Electro-Sensors had a return on equity of 1.09% and a net margin of 1.70%.
A hedge fund recently bought a new stake in Electro-Sensors stock. Citadel Advisors LLC acquired a new position in shares of Electro-Sensors, Inc. (NASDAQ:ELSE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 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 as of its most recent SEC filing. Institutional investors and hedge funds own 5.78% of the company’s stock.
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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