Electro-Sensors (NASDAQ:ELSE) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Electro-Sensors, Inc. (NASDAQ:ELSE)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $5.96 and traded as high as $7.68. Electro-Sensors shares last traded at $7.68, with a volume of 37,979 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Electro-Sensors from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Electro-Sensors Trading Up 0.3%

The stock has a 50 day moving average of $5.96 and a 200-day moving average of $4.95. The company has a market capitalization of $27.11 million, a P/E ratio of 96.01 and a beta of 0.64.

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

About Electro-Sensors

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.