Is Eastside Distilling (NDAQ:ESDI) a Sell? What does Roth Capital Think?

September 17, 2017 - By Richard Conner

 Is Eastside Distilling (NDAQ:ESDI) a Sell? What does Roth Capital Think?

Why Has Roth Capital Given Eastside Distilling (NDAQ:ESDI) a $7.00 Price Target

In a research note sent to clients and investors on Friday morning, expert analysts at Roth Capital started coverage for Eastside Distilling (NDAQ:ESDI) shares. The firm has decided to set a Buy rating along with a $7.00, adding 85.19 % to the target.

The stock decreased 6.67% or $0.27 on September 15, reaching $3.78. About 29,927 shares traded or 12.58% up from the average. Eastside Distilling Inc (NDAQ:ESDI) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Wall Street await Eastside Distilling Inc (NASDAQ:ESDI) to release earnings on November, 13. Analysts forecast EPS of $-0.19, up exactly $0.74 or 79.57 % from 2014’s $-0.93 EPS. After posting $-0.40 EPS for the previous quarter, Eastside Distilling Inc’s analysts now forecast -52.50 % EPS growth.

Eastside Distilling, Inc. is a manufacturer, developer, producer and marketer of master-crafted spirits. The company has market cap of $13.53 million. The Company’s beverage alcohol categories include bourbon, whiskey, rum and vodka. It currently has negative earnings. The Firm operates through the marketing and distributing of hand-crafted spirits segment.

More notable recent Eastside Distilling Inc (NASDAQ:ESDI) news were published by: Bizjournals.com which released: “Eastside Distilling purchases an esteemed Hillsboro whiskey maker” on May 01, 2017, also Prnewswire.com with their article: “Melissa “Mel” Heim to Serve as Executive VP Operations of Eastside Distilling” published on December 06, 2016, Seekingalpha.com published: “Eastside Distilling’s Capital Raise – Is This A Nanocap To Watch?” on July 28, 2017. More interesting news about Eastside Distilling Inc (NASDAQ:ESDI) were released by: Prnewswire.com and their article: “Eastside Distilling Reports 2016 Financial Results” published on April 03, 2017 as well as Prnewswire.com‘s news article titled: “Eastside Distilling Announces Plan to Effect Reverse Stock Split” with publication date: October 10, 2016.

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