Elecsys Corporation Rating Increased to Buy at Sidoti (ESYS)
Elecsys Corporation (NASDAQ:ESYS) was upgraded by analysts at Sidoti from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
Shares of Elecsys Corporation (NASDAQ:ESYS) traded up 0.34% during mid-day trading on Thursday, hitting $14.85. The stock had a trading volume of 12,308 shares. Elecsys Corporation has a 52-week low of $5.71 and a 52-week high of $17.44. The stock’s 50-day moving average is $13.27 and its 200-day moving average is $12.98. The company has a market cap of $56.8 million and a price-to-earnings ratio of 23.87.
Elecsys Corporation (NASDAQ:ESYS) last released its earnings data on Monday, July 14th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.09. The company had revenue of $8.70 million for the quarter, compared to the consensus estimate of $7.15 million. On average, analysts predict that Elecsys Corporation will post $0.74 earnings per share for the current fiscal year.
Elecsys Corporation (NASDAQ:ESYS) provides machine to machine (M2M) communication technology solutions, data acquisition systems, management systems, and custom electronic equipment for critical industrial applications worldwide.
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