The Eastern Co (EML) Sets New 1-Year High After Insider Buying Activity

The Eastern Co (EML) Sets New 1-Year High After Insider Buying Activity

Specifically, CEO August M. Vlak bought 5,000 shares of Eastern stock in a transaction dated Friday, May 19th. The shares were acquired at an average cost of $25.90 per share, with a total value of $129,500.00. Following the acquisition, the chief executive officer now directly owns 5,000 shares of the company’s stock, valued at $129,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James A. Mitarotonda acquired 50,098 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average price of $25.90 per share, with a total value of $1,297,538.20. Following the transaction, the director now directly owns 3,282 shares in the company, valued at $85,003.80. The disclosure for this purchase can be found here. 13.44% of the stock is owned by insiders.

Shares of Eastern Co (NASDAQ:EML) hit a new 52-week high during trading on Wednesday following insider buying activity. The company traded as high as $29.45 and last traded at $29.45, with a volume of 20,667 shares. The stock had previously closed at $29.15.

The firm has a market capitalization of $194.31 million, a P/E ratio of 22.43 and a beta of 0.67. The company’s 50 day moving average is $27.96 and its 200 day moving average is $22.34. Eastern (NASDAQ:EML) last issued its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $0.24 earnings per share (EPS) for the quarter. The firm had revenue of $36.04 million during the quarter. Eastern had a net margin of 5.66% and a return on equity of 9.67%.

Eastern Company Profile 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:EML”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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