NEW YORK (TheStreet) --Shares of Elecsys Corp. (ESYS) are higher by 13.13% to $13.70 on heavy trading volume on Tuesday afternoon as the company continues to gain from its 2014 fourth quarter financial results, released Monday.
The company, which provides machine to machine communication technology solutions, data acquisition systems, and custom electronic equipment for critical industrial applications, reported earnings per share of 25 cents per diluted share for the most recent quarter, compared to 18 cents per diluted share for the 2013 fourth quarter.
Elecsys' revenue was $8.7 million, a 16% increase over the $7.5 million reported for the same period last year.
For the fiscal year Elecsys reported earnings per diluted share of 62 cents versus 43 cents per diluted share for the 2013 fiscal year. Revenue for fiscal 2014 increased 20% over the prior year to $30.5 million.
Separately, TheStreet Ratings team rates ELECSYS CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate ELECSYS CORP (ESYS) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
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