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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: