Eastside Distilling (NASDAQ:BLNE) Posts Earnings Results

Eastside Distilling (NASDAQ:BLNE) issued its quarterly earnings data on Tuesday. The company reported ($6.14) earnings per share (EPS) for the quarter, Zacks reports. Eastside Distilling had a negative net margin of 74.63% and a negative return on equity of 2,066.36%.

Eastside Distilling Trading Up 3.3%

Shares of NASDAQ BLNE traded up $0.04 during midday trading on Tuesday, reaching $1.25. 1,097,198 shares of the company traded hands, compared to its average volume of 591,807. The business’s 50-day moving average price is $1.71. Eastside Distilling has a 12 month low of $0.89 and a 12 month high of $29.80. The firm has a market capitalization of $10.42 million, a price-to-earnings ratio of -0.34 and a beta of 1.15.

Insider Activity at Eastside Distilling

In other Eastside Distilling news, CEO Nicholas Reyland Liuzza, Jr. purchased 18,200 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average cost of $1.39 per share, with a total value of $25,298.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,721,293 shares of the company’s stock, valued at $2,392,597.27. This represents a 1.07% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 70,661 shares of company stock valued at $101,648 over the last ninety days. 20.40% of the stock is owned by insiders.

About Eastside Distilling

Eastside Distilling, Inc manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning and Bottling. 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.