Electro-Sensors (NASDAQ:ELSE) Shares Pass Above 50-Day Moving Average – Should You Sell?

Electro-Sensors, Inc. (NASDAQ:ELSE)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.54 and traded as high as $7.67. Electro-Sensors shares last traded at $7.67, with a volume of 2,616 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Electro-Sensors from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Electro-Sensors has an average rating of “Hold”.

Electro-Sensors Stock Performance

The firm has a market capitalization of $27.08 million, a P/E ratio of 95.89 and a beta of 0.63. The firm has a 50 day simple moving average of $7.54 and a two-hundred day simple moving average of $5.46.

Electro-Sensors (NASDAQ:ELSE) last posted its earnings results on Thursday, May 14th. The scientific and technical instruments company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $2.58 million during the quarter. Electro-Sensors had a return on equity of 1.73% and a net margin of 2.42%.

Electro-Sensors Company Profile

Electro-Sensors, Inc engages in the manufacture and selling of industrial production monitoring and process control systems. Its products include shaft speed witches; wireless hazard monitoring; temperature sensor; slide gate and angle position; bearing sensors and belt alignment; and motor drive control. The company was founded by James P. Slattery in 1965 and is headquartered in Minnetonka, MN.