Eastside Distilling (NASDAQ:BLNE) Releases Quarterly Earnings Results

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

Eastside Distilling Stock Performance

BLNE traded up $0.04 during midday trading on Tuesday, reaching $1.25. 1,214,904 shares of the company were exchanged, compared to its average volume of 591,914. The company has a market cap of $10.42 million, a P/E ratio of -0.34 and a beta of 1.15. The stock has a fifty day moving average of $1.71. Eastside Distilling has a one year low of $0.89 and a one year high of $29.80.

Insider Buying and Selling at Eastside Distilling

In other news, CEO Nicholas Reyland Liuzza, Jr. bought 18,200 shares of the stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of $1.39 per share, for a total transaction of $25,298.00. Following the purchase, the chief executive officer now directly owns 1,721,293 shares in the company, valued at $2,392,597.27. This trade represents a 1.07% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought a total of 70,661 shares of company stock worth $101,648 over the last ninety days. 20.40% of the stock is currently owned by company insiders.

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 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.