Earnings to watch – Electro-Sensors, Inc. (NASDAQ:ELSE)

Shares of Electro-Sensors, Inc. (NASDAQ:ELSE) have been recently spotted trading -15.95% off of the 52-week high price. On the other end, company shares have been noted 48.79% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 2.96 – 5.24. Switching over to some distances from popular moving averages, we see that the stock has been recorded 9.72% away from the 50 day moving average and 15.74% away from the 200 day moving average. Moving closer, we can see that shares have been trading 11.02% off of the 20-day moving average.

Electro-Sensors, Inc. (NASDAQ:ELSE), a leading global provider of machine monitoring sensors and hazard monitoring systems, recently declared financial results for the year ended December 31, 2017.

  • Record revenue of $7.8 million
  • Revenue growth of 9.3% over 2016
  • Gross margin of 54.8%
  • Cash and investments of $8.7 million

Net sales during 2017 increased 9.3% to $7,840,000 from $7,174,000 in the prior year.  The increase was due primarily to an increase in strategic system orders during the second half of the year.

International markets provided approximately 10% of our 2017 revenue from shipments into over 40 countries.  Our 2017 international business grew by 20.4% primarily due to increased sales to customers in Canada.

David L. Klenk, Electro-Sensors’ president said “We are pleased to report record annual revenue for 2017 driven by improved sales of both our HazardPRO wireless hazard monitoring systems as well as our legacy machine monitoring sensors and systems”.  “Moreover, the increased number of strategic system orders is a good indication that our customers are beginning to commit to larger facility upgrades and plant expansion projects.”

The USA based company Electro-Sensors, Inc. (NASDAQ:ELSE) closed with change of 12.68% to $4.4 with the total traded volume of 73059 shares versus to an average volume of 8.22K. The stock was up in the 5 days activity 10.38%. The one month performance of stock was high 11.50%. ELSE shares are above 13.51% for the quarter and driving a 19.23% rally over the course of the past year and is now up 8.75% since this point in 2018.  Right now ELSE beta is 0.42. The average volatility for the week and month was at 4.50% and 1.91% respectively.

Peter Hamm

Peter Hamm is an author, journalist and CEO of the website. He has more than 5 years of experience in institutional investment markets, including fixed income, equities, derivatives and real estate. He has a Bachelor in Business Administration with a major in Finance. He bought his first stocks in a private business at age 15 and made his first public stock trade at 23. He has always been interested in the stock market and how it behaves. As the dad of two children, he’s made saving money and investing for them a high priority. Over many years of investing, he has made some wise choices and he’s made many mistakes. But he’s learned from both. Mr. Peter observations and experience give him the insight to stock market patterns and the investor behaviors that create them. He reports about Earnings news category. Address: 3876 Levy Court, EASTON, Pennsylvania Email: Peter@newscontrol.info

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