Eastside Distilling (ESDI) Earning Somewhat Positive News Coverage, Study Shows

News articles about Eastside Distilling (NASDAQ:ESDI) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Eastside Distilling earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.7986241283021 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Eastside Distilling (NASDAQ:ESDI) traded down $0.05 during trading on Tuesday, reaching $4.93. The company had a trading volume of 6,000 shares, compared to its average volume of 9,909. Eastside Distilling has a 52-week low of $3.35 and a 52-week high of $12.00.

A number of equities analysts have recently weighed in on the company. ValuEngine raised Eastside Distilling from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Roth Capital started coverage on Eastside Distilling in a research note on Friday, September 15th. They issued a “buy” rating and a $7.00 target price for the company.

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About Eastside Distilling

Eastside Distilling, Inc (Eastside) is a manufacturer, developer, producer and marketer of master-crafted spirits. The Company’s beverage alcohol categories include bourbon, whiskey, rum and vodka. The Company operates through the marketing and distributing of hand-crafted spirits segment. Its brands include Burnside Bourbon, Burnside Oregon Oaked Bourbon, Barrel Hitch American Whiskey, Barrel Hitch Oregon Oak American Whiskey, Below Deck Silver Rum, Below Deck Ginger Rum, Below Deck Coffee Rum, Below Deck Spiced Rum, Portland Potato Vodka, Marionberry Whiskey and Cherry Bomb Whiskey.

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