Eastern (EML) Receiving Somewhat Positive Media Coverage, Report Shows

News stories about Eastern (NASDAQ:EML) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing 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. Eastern earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 43.8124317541692 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

Shares of Eastern (NASDAQ:EML) traded down $0.65 on Friday, reaching $26.80. The company’s stock had a trading volume of 33,294 shares, compared to its average volume of 9,904. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.73 and a current ratio of 3.16. The stock has a market capitalization of $163.83, a PE ratio of 21.44 and a beta of 0.31. Eastern has a fifty-two week low of $18.85 and a fifty-two week high of $31.50.

The business also recently declared 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 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Tuesday, November 14th. Eastern’s payout ratio is 35.20%.

In other Eastern news, COO Angelo Labbadia acquired 1,398 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average price of $28.30 per share, with a total value of $39,563.40. Following the completion of the purchase, the chief operating officer now directly owns 1,398 shares in the company, valued at approximately $39,563.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frederick D. Disanto acquired 1,500 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of $26.41 per share, with a total value of $39,615.00. Following the purchase, the director now owns 8,661 shares of the company’s stock, valued at $228,737.01. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 6,098 shares of company stock valued at $161,606. Company insiders own 13.75% of the company’s stock.

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About Eastern

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.

Insider Buying and Selling by Quarter for Eastern (NASDAQ:EML)

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