Eastside Distilling (NASDAQ:EAST) spotted trading -67.44% off 52-week high price. On the other end, the stock has been noted 114.11% away from the low price over the last 52-weeks. The stock changed 13.22% to recent value of $1.97. The stock transacted 107023 shares during most recent day however it has an average volume of 49.65K shares. The company has 10.17M of outstanding shares and 8.25M shares were floated in the market.
On April 24, 2020, Eastside Distilling (NASDAQ:EAST) released the appointment of Paul Block to the Company’s Board of Directors, effective April 20, 2020. On April 24, 2020, Chairman of the Board Paul Shoen tendered his resignation from the Board, effective on that date. Upon his resignation, the Board of Directors elected Mr. Block to serve as Chair of the Board.
Mr. Block is a seasoned Consumer Goods Executive with over three decades of experience in driving profitable revenue growth, turning around underperforming business and building sustainable high performing stream of earnings for public corporations, corporate divisions, and private equity owned portfolio companies. Mr. Block is best known as a transformational leader with a strong record of reinvigorating some of the world’s best-known consumer brands and accelerating earnings in underperforming enterprises.
Early in his career, and over a ten-year period, Mr. Block held various positions at Miller Brewing Company in marketing, sales, sales promotions, brand management and new product development ultimately chairing Miller’s Innovation Committee and developing Miller Sharp’s non-alcoholic beer. He was then engaged by Guinness Import Company as Vice President of Marketing to accelerate growth for the Guinness Stout, Bass Ale and Pilsner Urquel Brands. During Block’s three years at Guinness, the company enjoyed over 30% revenue growth from organic sales and acquisition. After Guinness, Mr. Block then served as Chief Marketing Officer, and then VP/General Manager, of Allied Domecq’s Premium USA Spirits Division where he led the acquisition, distribution, integration, and product expansion for Stolichnaya Vodka. In addition, Block and his team, led the turnaround of Courvoisier from -5% to +10% of sales, repackaged and repositioned Beefeater Gin for accelerated growth to younger consumers and led the USA Premium Spirits Division growth as GM at +9% operating profit two consecutive years
Its earnings per share (EPS) expected to touch remained -22.40% for this year. EAST has a gross margin of 35.00% and an operating margin of -87.90%.
According to the most recent quarter its current ratio was 2.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of 54.21% from the mean of 20 days, -1.93% from mean of 50 days SMA and performed -43.99% from mean of 200 days price. Company’s performance for the week was 34.01%, 75.89% for month and YTD performance remained -33.22%.