Eastside Distilling (NASDAQ:EAST) Announces Quarterly Earnings Results

Eastside Distilling (NASDAQ:EAST) issued its quarterly earnings data on Tuesday. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.10), MarketWatch Earnings reports. Eastside Distilling had a negative return on equity of 393.40% and a negative net margin of 88.25%.

Eastside Distilling stock traded up $0.16 during midday trading on Thursday, reaching $2.01. The company had a trading volume of 2,181 shares, compared to its average volume of 402,573. Eastside Distilling has a 12-month low of $0.95 and a 12-month high of $3.29. The company has a market capitalization of $20.40 million, a P/E ratio of -1.33 and a beta of 1.70. The firm’s fifty day simple moving average is $1.95 and its 200-day simple moving average is $1.51.

Separately, Zacks Investment Research upgraded Eastside Distilling from a “sell” rating to a “hold” rating in a research note on Tuesday, January 19th.

Eastside Distilling Company Profile

Eastside Distilling, Inc manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It provides gin under the brands of Big Bottom The Ninety One Gin, Big Bottom Navy Strength, Big Bottom Barrel Finished Gin, and Big Bottom London Dry Gin; rum under the brand name of Hue-Hue Coffee Rum; tequila under the Azuñia Blanco Organic Tequila, Azuñia Reposado Organic Tequila, Azuñia Añejo Tequila, and Azuñia Black brands; and vodka under the Portland Potato Vodka, Portland Potato Vodka Â- Marionberry, and Portland Potato Vodka Â- Habanero brand names.

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Earnings History for Eastside Distilling (NASDAQ:EAST)

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