Eastside Distilling (ESDI) Getting Somewhat Favorable News Coverage, Analysis Finds
News stories about Eastside Distilling (NASDAQ:ESDI) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Eastside Distilling earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the company an impact score of 43.8922776550446 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- FY2018 EPS Estimates for Eastside Distilling, Inc. (ESDI) Boosted by Zacks Investment Research (americanbankingnews.com)
- ESDI: S.236 Senate bill will significantly reduce alcohol excise taxes on spirits, beer and wine. ESDI is expected to benefit! (finance.yahoo.com)
- Eastside Distilling Unveils Burnside Bourbon (bevnet.com)
- New Burnside Bourbon Hits the Shelves (enhancedonlinenews.com)
A number of equities analysts recently issued reports on ESDI shares. ValuEngine upgraded shares of Eastside Distilling from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Roth Capital started coverage on shares of Eastside Distilling in a research report on Friday, September 15th. They set a “buy” rating and a $7.00 price objective for the company.
Eastside Distilling (NASDAQ:ESDI) traded down 0.50% during trading on Thursday, reaching $4.02. 22,089 shares of the company were exchanged. Eastside Distilling has a one year low of $3.35 and a one year high of $12.00. The firm’s 50-day moving average is $3.93 and its 200 day moving average is $3.78. The company’s market capitalization is $13.43 million.
In other news, Chairman Grover T. Wickersham bought 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were bought at an average cost of $3.89 per share, with a total value of $27,230.00. Following the completion of the purchase, the chairman now directly owns 97,114 shares in the company, valued at $377,773.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Glenbrook Capital Lp bought 60,726 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average cost of $4.49 per share, for a total transaction of $272,659.74. Following the completion of the purchase, the insider now owns 526,913 shares of the company’s stock, valued at $2,365,839.37. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 128,281 shares of company stock worth $571,782. 19.07% of the stock is owned by insiders.
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About Eastside Distilling
Eastside Distilling, Inc (Eastside) is a manufacturer, developer, producer and marketer of master-crafted spirits. The Company’s beverage alcohol categories include bourbon, whiskey, rum and vodka. The Company operates through the marketing and distributing of hand-crafted spirits segment. Its brands include Burnside Bourbon, Burnside Oregon Oaked Bourbon, Barrel Hitch American Whiskey, Barrel Hitch Oregon Oak American Whiskey, Below Deck Silver Rum, Below Deck Ginger Rum, Below Deck Coffee Rum, Below Deck Spiced Rum, Portland Potato Vodka, Marionberry Whiskey and Cherry Bomb Whiskey.
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