Shares of Eastern International Ltd. (NASDAQ:ELOG – Get Free Report) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $0.75 and traded as high as $1.09. Eastern International shares last traded at $0.8871, with a volume of 3,270,544 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of Eastern International from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, November 4th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.
Get Our Latest Report on Eastern International
Eastern International Trading Up 49.8%
The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average is $0.75 and its 200 day moving average is $0.91.
Eastern International (NASDAQ:ELOG – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $9.22 million for the quarter.
Insider Activity at Eastern International
In related news, CEO Albert Wong purchased 200,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were acquired at an average cost of $1.00 per share, for a total transaction of $200,000.00. Following the acquisition, the chief executive officer directly owned 200,000 shares in the company, valued at approximately $200,000. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Eastern International Company Profile
Eastern International Ltd. (NASDAQ: ELOG) is a logistics and supply chain services company based in Hong Kong. Through its operating subsidiaries, the company provides freight-forwarding and related transportation services for businesses engaged in international trade. Its service offerings include arranging ocean and air freight, coordinating shipments, supporting customs clearance, and providing warehousing and other logistics solutions. These services are designed to help customers manage the movement of goods across international markets.
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