Eastside Distilling (NASDAQ:EAST) Share Price Passes Below 50-Day Moving Average of $1.06

Eastside Distilling, Inc. (NASDAQ:EAST) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.06 and traded as low as $0.96. Eastside Distilling shares last traded at $1.00, with a volume of 7,164 shares changing hands.

Analyst Ratings Changes

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

Eastside Distilling Stock Up 2.4 %

The company has a market cap of $1.71 million, a P/E ratio of -0.16 and a beta of 1.72. The company has a quick ratio of 0.09, a current ratio of 0.30 and a debt-to-equity ratio of 3.17. The company has a fifty day moving average of $1.06 and a 200 day moving average of $1.09.

Eastside Distilling (NASDAQ:EAST) last announced its earnings results on Monday, May 13th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.16). The business had revenue of $2.41 million during the quarter, compared to analyst estimates of $2.72 million. On average, research analysts anticipate that Eastside Distilling, Inc. will post -2.63 earnings per share for the current fiscal year.

Eastside Distilling Company Profile

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.