Eastside Distilling (NASDAQ:EAST) Shares Cross Below 50 Day Moving Average of $1.04

Eastside Distilling, Inc. (NASDAQ:EASTGet Free Report) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.04 and traded as low as $0.92. Eastside Distilling shares last traded at $1.00, with a volume of 17,256 shares traded.

Wall Street Analyst Weigh In

Separately, Roth Mkm cut their target price on Eastside Distilling from $5.00 to $3.50 and set a “buy” rating on the stock in a research report on Monday, April 8th.

Check Out Our Latest Stock Analysis on EAST

Eastside Distilling Stock Performance

The company has a current ratio of 0.30, a quick ratio of 0.09 and a debt-to-equity ratio of 3.17. The stock has a fifty day moving average price of $1.04 and a 200-day moving average price of $1.10. The firm has a market capitalization of $1.69 million, a price-to-earnings ratio of -0.16 and a beta of 1.69.

Eastside Distilling (NASDAQ:EASTGet Free Report) last released its quarterly earnings results on Monday, May 13th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.16). The company had revenue of $2.41 million during the quarter, compared to analyst estimates of $2.72 million. As a group, analysts anticipate that Eastside Distilling, Inc. will post -2.63 earnings per share for the current fiscal year.

Eastside Distilling Company Profile

(Get Free Report)

Eastside Distilling, Inc manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning + Printing. The company provides whiskey under the Burnside Whiskey brand; vodka under the Portland Potato Vodka brand; rum under the Hue-Hue Coffee Rum brand; and tequila under the Azuñia Tequila brand.

Further Reading

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