Eastern (NASDAQ:EML - Get Free Report) was downgraded by equities researchers at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.
Eastern Stock Up 0.6 %
NASDAQ EML traded up $0.17 on Friday, hitting $26.40. 9,129 shares of the stock were exchanged, compared to its average volume of 9,257. The company has a quick ratio of 1.42, a current ratio of 2.64 and a debt-to-equity ratio of 0.37. Eastern has a fifty-two week low of $22.63 and a fifty-two week high of $35.78. The company has a market cap of $163.15 million, a PE ratio of -25.63 and a beta of 0.98. The company has a 50-day moving average price of $27.62 and a 200-day moving average price of $29.26.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its position 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 purchasing an additional 449 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Eastern by 4.2% in the 4th quarter. American Century Companies Inc. now owns 23,491 shares of the industrial products company's stock worth $623,000 after acquiring an additional 955 shares during the period. Empowered Funds LLC lifted its stake in shares of Eastern by 4.8% in the 4th quarter. Empowered Funds LLC now owns 29,755 shares of the industrial products company's stock worth $790,000 after acquiring an additional 1,367 shares during the period. MetLife Investment Management LLC lifted its stake in shares of Eastern by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 3,086 shares of the industrial products company's stock worth $100,000 after acquiring an additional 1,739 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Eastern by 19.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,099 shares of the industrial products company's stock worth $427,000 after acquiring an additional 2,577 shares during the period. Institutional investors and hedge funds own 76.99% of the company's stock.
Eastern Company Profile
(
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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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