TheStreet Downgrades Electro-Sensors (ELSE) to C+

TheStreet cut shares of Electro-Sensors (NASDAQ:ELSE) from a b- rating to a c+ rating in a report released on Monday morning.

ELSE stock opened at $3.92 on Monday. Electro-Sensors has a fifty-two week low of $3.92 and a fifty-two week high of $3.95. The stock has a market capitalization of $13.00 million, a P/E ratio of 95.71 and a beta of 0.38.

Electro-Sensors (NASDAQ:ELSE) last issued its quarterly earnings results on Thursday, May 10th. The scientific and technical instruments company reported ($0.06) EPS for the quarter. Electro-Sensors had a return on equity of 1.41% and a net margin of 2.24%. The business had revenue of $1.72 million during the quarter.

A hedge fund recently bought a new stake in Electro-Sensors stock. Shepherd Kaplan Krochuk LLC purchased a new position in Electro-Sensors, Inc. (NASDAQ:ELSE) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 24,500 shares of the scientific and technical instruments company’s stock, valued at approximately $101,000. Shepherd Kaplan Krochuk LLC owned approximately 0.72% of Electro-Sensors at the end of the most recent quarter. 4.72% of the stock is currently owned by hedge funds and other institutional investors.

About Electro-Sensors

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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