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Research analysts at StockNews.com began coverage on shares of Eastern (NASDAQ:EML - Get Rating) in a report released on Friday. The firm set a "buy" rating on the industrial products company's stock.Eastern Trading Down 3.1 %
NASDAQ EML opened at $19.41 on Friday. The company has a market cap of $120.67 million, a PE ratio of 7.19 and a beta of 0.88. The company has a current ratio of 2.97, a quick ratio of 1.48 and a debt-to-equity ratio of 0.58. Eastern has a 12 month low of $19.00 and a 12 month high of $28.32. The stock has a 50 day moving average of $20.93 and a 200-day moving average of $22.04. Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. UBS Group AG grew its position in Eastern by 21.2% in the first quarter. UBS Group AG now owns 4,702 shares of the industrial products company's stock valued at $109,000 after acquiring an additional 822 shares during the last quarter. State Street Corp boosted its stake in shares of Eastern by 3.9% during the first quarter. State Street Corp now owns 17,120 shares of the industrial products company's stock valued at $399,000 after purchasing an additional 640 shares in the last quarter. Ancora Advisors LLC boosted its stake in shares of Eastern by 5.8% during the first quarter. Ancora Advisors LLC now owns 63,797 shares of the industrial products company's stock valued at $1,710,000 after purchasing an additional 3,500 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Eastern by 24.6% during the second quarter. Wells Fargo & Company MN now owns 118,122 shares of the industrial products company's stock valued at $2,403,000 after purchasing an additional 23,344 shares in the last quarter. Finally, Forager Capital Management LLC acquired a new stake in shares of Eastern during the fourth quarter valued at about $8,114,000. Institutional investors own 62.90% of the company's stock. Eastern Company Profile (Get Rating)
The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. It offers turnkey returnable packaging solutions that are used in the assembly process of vehicles, aircraft, and durable goods, as well as in the production process of plastic packaging products, packaged consumer goods, and pharmaceuticals; designs and manufactures blow mold tools and injection blow mold tooling products, and 2-step stretch blow molds and related components; and supplies blow molds and change parts to the food, beverage, healthcare, and chemical industry.Read MoreGet a free copy of the StockNews.com research report on Eastern (EML)Could Nike Stock be Oversold, but Still Overvalued?Is Alcoa A Buy After Strong Q2 Results And More Share Buybacks?Will Royal Caribbean's Broadband Partnership Drive Revenue?Chip Gear Maker Entegris Has Potential, But Is It Buyable Now?DocuSign Has Important Issues to Address When it Reports Earnings
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