Shares of The Eastern Company (NASDAQ:EML - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.39 and traded as low as $27.74. Eastern shares last traded at $27.74, with a volume of 3,415 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com upgraded Eastern from a "buy" rating to a "strong-buy" rating in a report on Friday.
Read Our Latest Analysis on EML
Eastern Trading Down 1.6 %
The firm has a market capitalization of $164.33 million, a P/E ratio of -25.82 and a beta of 0.98. The company has a current ratio of 2.64, a quick ratio of 1.42 and a debt-to-equity ratio of 0.37. The company's fifty day moving average is $27.85 and its 200-day moving average is $29.35.
Eastern (NASDAQ:EML - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter. The company had revenue of $71.27 million during the quarter. Eastern had a negative net margin of 2.26% and a positive return on equity of 10.44%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in EML. Segall Bryant & Hamill LLC acquired a new position in shares of Eastern during the third quarter valued at about $1,667,000. Geode Capital Management LLC raised its holdings in Eastern by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 127,108 shares of the industrial products company's stock valued at $4,126,000 after acquiring an additional 449 shares in the last quarter. State Street Corp lifted its position in shares of Eastern by 8.3% in the 3rd quarter. State Street Corp now owns 68,301 shares of the industrial products company's stock worth $2,216,000 after acquiring an additional 5,225 shares during the period. HighTower Advisors LLC acquired a new stake in shares of Eastern during the 3rd quarter worth approximately $231,000. Finally, Barclays PLC grew its holdings in shares of Eastern by 277.7% during the 3rd quarter. Barclays PLC now owns 6,875 shares of the industrial products company's stock worth $223,000 after purchasing an additional 5,055 shares in the last quarter. 76.99% of the stock is owned by institutional investors.
About Eastern
(
Get Free Report)
The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. The company offers turnkey returnable packaging solutions, which are used in the assembly processes of vehicles, aircraft, and durable goods, as well as in production processes of plastic packaging products, packaged consumer goods, and pharmaceuticals; designs and manufactures blow mold tools and injection blow mold tooling products, and 2-step stretch blow molds and related components for the stretch blow molding industry; and supplies blow molds and change parts to the food, beverage, healthcare, and chemical industries.
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