Eastside Distilling (NASDAQ:EAST) announced its earnings results on Tuesday. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks’ 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%.
Eastside Distilling stock traded up $0.14 during midday trading on Thursday, reaching $1.99. The stock had a trading volume of 210,093 shares, compared to its average volume of 399,494. The firm’s fifty day simple moving average is $1.95 and its 200-day simple moving average is $1.52. Eastside Distilling has a 1-year low of $0.95 and a 1-year high of $3.29. The stock has a market capitalization of $20.20 million, a P/E ratio of -1.30 and a beta of 1.70.
Separately, Zacks Investment Research raised 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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