ESP Stock Summary and Trading Ideas (Espey Mfg & Electronics | AMEX:ESP)

Espey Manufacturing & Electronics Corp designs, develops, tests, and manufactures specialized military and rugged industrial power supplies and transformers for use in harsh or severe environment applications. Its products and solutions include power converters, power conditioning, high-voltage radar, contract manufacturing, custom engineering, and others. The applications of these products include AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power.

Espey Mfg & Electronics trades on the AMEX stock market under the symbol ESP.

As of May 16, 2024, ESP stock price declined to $21.40 with 23,876 million shares trading.

ESP has a market cap of $53.25 million. This is considered a Micro Cap stock.

In the last 3 years, ESP stock traded as high as $27.32 and as low as $12.39.

The top ETF exchange traded funds that ESP belongs to (by Net Assets): VTI, VXF, DFAT, IWC, DFAS.

ESP has underperformed the market in the last year with a price return of +5.7% while the SPY ETF gained +29.6%. ESP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -16.9% and -14.4%, respectively, while the SPY returned +5.6% and +5.7%, respectively.

ESP support price is $22.07 and resistance is $23.74 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ESP stock will trade within this expected range on the day.