Michael Bigger Sells 1,054,091 Shares of Eastside Distilling, Inc. (NASDAQ:EAST) Stock

Eastside Distilling, Inc. (NASDAQ:EAST) major shareholder Michael Bigger sold 1,054,091 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $2.09, for a total value of $2,203,050.19. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Eastside Distilling Stock Down 0.9 %

EAST stock opened at $0.54 on Friday. The business has a 50 day moving average of $0.73 and a 200-day moving average of $0.92. Eastside Distilling, Inc. has a 12-month low of $0.44 and a 12-month high of $2.98. The firm has a market cap of $1.00 million, a PE ratio of -0.11 and a beta of 1.77.

Eastside Distilling (NASDAQ:EAST) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.87) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.82) by ($0.05). The firm had revenue of $3.06 million for the quarter, compared to analysts’ expectations of $2.58 million. Eastside Distilling had a negative net margin of 66.06% and a negative return on equity of 2,066.36%. During the same quarter in the previous year, the business earned ($1.96) EPS. On average, research analysts expect that Eastside Distilling, Inc. will post -2.63 earnings per share 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.