Eastside Distilling (NASDAQ:BLNE) Posts Earnings Results

Eastside Distilling (NASDAQ:BLNE) announced its quarterly earnings results on Tuesday. The company reported ($6.14) earnings per share 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 Price Performance

NASDAQ:BLNE opened at $1.25 on Wednesday. The firm has a market cap of $10.42 million, a price-to-earnings ratio of -0.34 and a beta of 1.15. The company’s fifty day simple moving average is $1.63. Eastside Distilling has a twelve month low of $0.89 and a twelve month high of $29.80.

Insider Activity at Eastside Distilling

In other Eastside Distilling news, CEO Nicholas Reyland Liuzza, Jr. bought 18,200 shares of Eastside Distilling stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average price of $1.39 per share, for a total transaction of $25,298.00. Following the acquisition, the chief executive officer now owns 1,721,293 shares of the company’s stock, valued at $2,392,597.27. The trade was a 1.07% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have acquired 70,661 shares of company stock worth $101,648. 20.40% of the stock is currently owned by corporate 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.