Eastern International (NASDAQ:ELOG) CEO Albert Wong Acquires 200,000 Shares of Stock

Eastern International Ltd. (NASDAQ:ELOG) CEO Albert Wong bought 200,000 shares of Eastern International stock in a transaction that occurred on Thursday, August 27th. The shares were acquired at an average price of $1.00 per share, with a total value of $200,000.00. Following the acquisition, the chief executive officer directly owned 200,000 shares of the company’s stock, valued at $200,000. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Eastern International Stock Down 2.9%

Eastern International stock traded down $0.02 during mid-day trading on Friday, reaching $0.53. The company’s stock had a trading volume of 6,997,824 shares, compared to its average volume of 216,689. Eastern International Ltd. has a 12 month low of $0.45 and a 12 month high of $3.07. The business’s 50 day simple moving average is $0.78 and its 200 day simple moving average is $0.90.

Eastern International (NASDAQ:ELOG) last issued its quarterly earnings results on Thursday, July 30th. The company reported ($0.08) EPS for the quarter. The business had revenue of $9.22 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Eastern International from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Eastern International Company Profile

Eastern International Ltd. is a provider of domestic and cross-border professional logistic services including project logistic and general logistic. Eastern International Ltd. is based in Hangzhou, China.