Eastern (NASDAQ:EML) Raised to “Buy” at ValuEngine
Shares of Eastern stock traded down $0.74 during trading on Friday, reaching $27.25. The company had a trading volume of 7,800 shares, compared to its average volume of 7,384. The firm has a market capitalization of $172.53 million, a P/E ratio of 13.37 and a beta of 0.86. The firm’s fifty day simple moving average is $26.27. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.73 and a current ratio of 3.50. Eastern has a fifty-two week low of $21.67 and a fifty-two week high of $30.95.
Eastern (NASDAQ:EML) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $60.88 million for the quarter. Eastern had a net margin of 5.51% and a return on equity of 13.56%.
Eastern Company Profile
The Eastern Company designs, manufactures, and sells industrial hardware, security products, and metal products in the United States and internationally. The company's Industrial Hardware segment offers passenger restraint and vehicular locks, latches, hinges, mirrors, mirror-cameras, light-weight sleeper boxes, and truck bodies for tractor-trailer trucks, specialty commercial vehicles, recreational vehicles, fire and rescue vehicles, school buses, military vehicles, and other vehicles.
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