Espey MFG & Electronics Corp (NYSEMKT:ESP) Sentiment Falls in Q2 2017

December 8, 2017 - By Michael Collier

 Espey MFG & Electronics Corp (NYSEMKT:ESP) Sentiment  Falls in  Q2 2017

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

Espey MFG & Electronics Corp (NYSEMKT:ESP) institutional sentiment increased to 0.6 in 2017 Q2. Its up 0.17, from 0.43 in 2017Q1. The ratio is better, as 3 funds increased or started new equity positions, while 5 reduced and sold their stakes in Espey MFG & Electronics Corp. The funds in our partner’s database now hold: 560,924 shares, down from 560,938 shares in 2017Q1. Also, the number of funds holding Espey MFG & Electronics Corp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 4 Increased: 3 New Position: 0.

Espey Mfg. & Electronics Corp., a power electronics design and original equipment manufacturing company, designs, makes, and tests electronic equipment primarily for use in military and industrial applications in the United States and internationally. The company has market cap of $54.18 million. The companyÂ’s principal products include power supplies, power converters, filters, power transformers, magnetic components, power distribution equipment, UPS systems, antennas, and high power radar systems for use in AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground radar, and ground mobile power applications. It has a 45.85 P/E ratio. It also provides various services, which include design and development to specification, build to print, design services, design studies, environmental testing services, metal fabrication, painting services, and development of automatic testing equipment.

The stock increased 0.30% or $0.07 during the last trading session, reaching $22.88. About 409 shares traded. Espey Mfg. & Electronics Corp. (NYSEMKT:ESP) has declined 6.42% since December 8, 2016 and is downtrending. It has underperformed by 23.12% the S&P500.

Morgan Dempsey Capital Management Llc holds 0.18% of its portfolio in Espey Mfg. & Electronics Corp. for 22,642 shares. Adirondack Trust Co owns 1,700 shares or 0.03% of their US portfolio. Moreover, Advisory Research Inc has 0.01% invested in the company for 19,306 shares. The New York-based Focused Wealth Management Inc has invested 0.01% in the stock. Blackrock Inc., a New York-based fund reported 913 shares.#img1#

More important recent Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) news were published by: Bizjournals.com which released: “Espey sales order backlog swells to $43 million” on November 15, 2017, also Bizjournals.com published article titled: “Saratoga Springs manufacturer planning $5.3 million expansion”, Seekingalpha.com published: “This Obscure Stock Has Huge Potential” on September 13, 2016. More interesting news about Espey Mfg. & Electronics Corp. (NYSEAMERICAN:ESP) was released by: Bizjournals.com and their article: “Defense contractor Espey gearing up for $2.5 million investment” with publication date: September 18, 2017.

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