Eastside Distilling (NASDAQ:EAST) Stock Passes Below 50 Day Moving Average of $1.11

Eastside Distilling, Inc. (NASDAQ:EASTGet Free Report)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.11 and traded as low as $0.92. Eastside Distilling shares last traded at $0.99, with a volume of 40,728 shares changing hands.

Eastside Distilling Trading Up 5.3 %

The company has a quick ratio of 0.54, a current ratio of 1.43 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.54 million, a price-to-earnings ratio of -0.06 and a beta of 1.80. The business’s fifty day moving average is $1.11 and its two-hundred day moving average is $1.26.

Institutional Trading of Eastside Distilling

A hedge fund recently raised its stake in Eastside Distilling stock. Renaissance Technologies LLC lifted its stake in Eastside Distilling, Inc. (NASDAQ:EASTFree Report) by 51.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,570 shares of the company’s stock after purchasing an additional 38,000 shares during the period. Renaissance Technologies LLC owned 0.72% of Eastside Distilling worth $31,000 at the end of the most recent quarter. 0.58% of the stock is currently owned by institutional investors and hedge funds.

About Eastside Distilling

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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.

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