Eastside Distilling (NASDAQ:EAST) Stock Price Crosses Below 50-Day Moving Average of $1.05

Eastside Distilling, Inc. (NASDAQ:EAST)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.05 and traded as low as $0.95. Eastside Distilling shares last traded at $1.01, with a volume of 26,830 shares.

Wall Street Analyst Weigh In

Separately, Roth Mkm decreased their price objective on shares of Eastside Distilling from $5.00 to $3.50 and set a “buy” rating for the company in a research note on Monday, April 8th.

Eastside Distilling Stock Performance

The firm’s fifty day simple moving average is $1.05 and its 200 day simple moving average is $1.14. The company has a market capitalization of $1.64 million, a PE ratio of -0.18 and a beta of 1.72. The company has a debt-to-equity ratio of 3.17, a current ratio of 1.08 and a quick ratio of 0.32.

Eastside Distilling (NASDAQ:EAST) last announced its quarterly earnings results on Monday, April 1st. The company reported ($1.16) earnings per share for the quarter. The company had revenue of $2.00 million during the quarter, compared to the consensus estimate of $3.68 million. On average, research analysts predict that Eastside Distilling, Inc. will post 0.33 EPS for the current 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.