Albert Wong Purchases 200,000 Shares of Eastern International (NASDAQ:ELOG) Stock

Eastern International Ltd. (NASDAQ:ELOG) CEO Albert Wong bought 200,000 shares of the stock in a transaction on Thursday, August 27th. The stock was purchased at an average cost of $1.00 per share, with a total value of $200,000.00. Following the purchase, the chief executive officer directly owned 200,000 shares of the company’s stock, valued at approximately $200,000. This represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Eastern International Trading Down 2.9%

Shares of NASDAQ ELOG traded down $0.02 during midday trading on Friday, reaching $0.53. 6,997,824 shares of the stock were exchanged, compared to its average volume of 216,689. Eastern International Ltd. has a 12 month low of $0.45 and a 12 month high of $3.07. The business has a 50-day simple moving average of $0.78 and a two-hundred day simple moving average of $0.90.

Eastern International (NASDAQ:ELOG) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.08) EPS for the quarter. The company had revenue of $9.22 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Eastern International from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Eastern International presently has an average rating of “Sell”.

Eastern International Company Profile

Eastern International Ltd. is a provider of domestic and cross-border professional logistic services including project logistic and general logistic. Eastern International Ltd. is based in Hangzhou, China.