Eastside Distilling (EAST) Receiving Somewhat Favorable Press Coverage, Analysis Finds

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Media coverage about Eastside Distilling (NASDAQ:EAST) has trended somewhat positive on Saturday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Eastside Distilling earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.4574202199011 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted Accern’s analysis:

Shares of NASDAQ:EAST traded up $0.36 during trading on Friday, hitting $9.25. 63,993 shares of the company’s stock were exchanged, compared to its average volume of 17,504. Eastside Distilling has a 52-week low of $3.35 and a 52-week high of $9.25. The stock has a market capitalization of $46.19 million, a P/E ratio of -6.51 and a beta of 0.68.

Eastside Distilling (NASDAQ:EAST) last released its quarterly earnings results on Monday, May 14th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.11). The firm had revenue of $1.22 million for the quarter, compared to analysts’ expectations of $1.01 million. Eastside Distilling had a negative net margin of 145.79% and a negative return on equity of 123.27%. research analysts predict that Eastside Distilling will post -0.88 EPS for the current year.

Separately, ValuEngine upgraded Eastside Distilling from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd.

In other news, major shareholder Glenbrook Capital Lp purchased 29,936 shares of the business’s stock in a transaction on Thursday, June 21st. The stock was acquired at an average price of $7.70 per share, for a total transaction of $230,507.20. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 20.80% of the company’s stock.

About Eastside Distilling

Eastside Distilling, Inc develops, manufactures, produces, and markets hand-crafted spirits in the United States. The company offers bourbon under the Burnside Bourbon and Oregon Oak Burnside Bourbon brand names; premium whiskey under the Barrel Hitch American Whiskey and Barrel Hitch Oregon Oaked Whiskey brand names; distinctive whiskey under the Cherry Bomb Whiskey and Marionberry Whiskey brand names; rum under the Below Deck Silver Rum, Below Deck Spiced Rum, Below Deck Coffee Rum, and Below Deck Ginger Rum brand names; and vodka under the Portland Potato Vodka brand name.

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