Eastside Distilling (NASDAQ:EAST) posted its quarterly earnings results on Tuesday. The company reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.10), MarketWatch Earnings reports. Eastside Distilling had a negative net margin of 88.25% and a negative return on equity of 393.40%.
NASDAQ:EAST traded up $0.16 during mid-day trading on Thursday, hitting $2.01. The company’s stock had a trading volume of 2,181 shares, compared to its average volume of 402,573. The business’s fifty day moving average is $1.95 and its two-hundred day moving average is $1.51. The stock has a market cap of $20.40 million, a price-to-earnings ratio of -1.33 and a beta of 1.70. Eastside Distilling has a 1 year low of $0.95 and a 1 year high of $3.29.
Separately, Zacks Investment Research upgraded Eastside Distilling from a “sell” rating to a “hold” rating in a research report on Tuesday, January 19th.
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 AzuÃ±ia Blanco Organic Tequila, AzuÃ±ia Reposado Organic Tequila, AzuÃ±ia AÃ±ejo Tequila, and AzuÃ±ia 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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