StockNews.com initiated coverage on shares of Eastern (NASDAQ:EML – Get Rating) in a report issued on Wednesday. The brokerage issued a buy rating on the industrial products company’s stock.
Eastern Stock Performance
Eastern stock opened at $16.86 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 2.67 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $104.87 million, a PE ratio of 8.69 and a beta of 1.04. The firm has a fifty day simple moving average of $21.42 and a two-hundred day simple moving average of $20.64. Eastern has a twelve month low of $15.30 and a twelve month high of $24.99.
Eastern Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, February 15th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Tuesday, February 14th. Eastern’s dividend payout ratio is presently 22.68%.
Hedge Funds Weigh In On Eastern
Eastern Company Profile
The Eastern Co engages in the design, manufacture and sale of industrial hardware, security products and metal products. It operates through the following segments: Engineered Solutions and Diversified Products. The Engineered Solutions segment consists of Big 3 Precision. The Diversified Products segment consists of Frazer & Jones, Greenwald Industries, and Argo EMS.
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