Insider Selling: Eastside Distilling, Inc. (NASDAQ:EAST) Major Shareholder Sells $2,203,050.19 in Stock

Eastside Distilling, Inc. (NASDAQ:EAST) major shareholder Michael Bigger sold 1,054,091 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $2.09, for a total transaction of $2,203,050.19. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Eastside Distilling Stock Performance

Shares of NASDAQ EAST opened at $0.54 on Friday. The company has a market capitalization of $922,320.00, a PE ratio of -0.09 and a beta of 1.77. The company’s fifty day moving average price is $0.73 and its 200 day moving average price is $0.92. Eastside Distilling, Inc. has a 1 year low of $0.44 and a 1 year high of $2.98.

Eastside Distilling (NASDAQ:EAST) last posted its earnings results on Wednesday, August 14th. The company reported ($0.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.82) by ($0.05). Eastside Distilling had a negative return on equity of 2,066.36% and a negative net margin of 66.06%. The firm had revenue of $3.06 million for the quarter, compared to analysts’ expectations of $2.58 million. During the same period in the previous year, the company earned ($1.96) earnings per share. On average, equities analysts expect that Eastside Distilling, Inc. will post -2.63 EPS for the current year.

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 + Printing. 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.