Somewhat Positive Media Coverage Somewhat Unlikely to Impact Eastern (EML) Stock Price
Media coverage about Eastern (NASDAQ:EML) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Eastern earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 45.4154695264511 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s rankings:
- Kolski and Navarrete Join Health Initiatives Consulting (prweb.com)
- Business Model of Takko Fashion Optimized for Future Growth / Increase in Net Revenue and Adjusted EBITDA (prnewswire.com)
- Thailand Extends Corporate Tax Exemption (prweb.com)
- N.Y. woman attempted to send bitcoin to Islamic State, feds say (upi.com)
- PharmaBoardroom Releases ‘Healthcare and Life Sciences Review Bulgaria 2017’ (prnewswire.com)
Eastern (NASDAQ:EML) traded up $0.35 during midday trading on Tuesday, reaching $28.30. 7,900 shares of the company’s stock traded hands, compared to its average volume of 17,630. Eastern has a 1 year low of $18.85 and a 1 year high of $31.50. The company has a current ratio of 3.16, a quick ratio of 1.73 and a debt-to-equity ratio of 0.33. The company has a market cap of $175.01, a PE ratio of 18.63 and a beta of 0.31.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Tuesday, November 14th. Eastern’s dividend payout ratio (DPR) is 35.48%.
In related news, Director Frederick D. Disanto acquired 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of $26.41 per share, for a total transaction of $39,615.00. Following the completion of the acquisition, the director now directly owns 8,661 shares of the company’s stock, valued at approximately $228,737.01. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO August M. Vlak acquired 1,800 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $25.75 per share, with a total value of $46,350.00. Following the completion of the acquisition, the chief executive officer now directly owns 6,800 shares of the company’s stock, valued at $175,100. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 4,700 shares of company stock valued at $122,043. 13.75% of the stock is owned by insiders.
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The Eastern Company manufactures and sells industrial hardware, security products and metal products from over six United States operations and seven foreign subsidiaries. The Company maintains over 13 physical locations. It operates through three segments: Industrial Hardware, Security Products and Metal Products.
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