Eastside Distilling Inc. (NASDAQ:EAST) traded at a new 52-week high today of $3.35. This new high was reached on below average trading volume as 113,000 shares traded hands, while the average 30-day volume is approximately 180,000 shares.
Potential upside of 198.4% exists for Eastside Distilling Inc., based on a current level of $3.12 and analysts’ average consensus price target of $9.31.
Eastside Distilling Inc is a producer and marketer of craft spirits. Its alcoholic beverage categories include whiskey, vodka, gin, rum, tequila, and Ready-to-Drink. Some of its brands include Azunia Tequila, Hue-Hue Coffee Rum, Portland Potato Vodka, and Burnside Whiskey. It operates in a single segment of packaging, producing, marketing, and distributing alcoholic beverages. The company distributes its products in more than 45 states of the United States.
Over the past year, Eastside Distilling Inc. has traded in a range of $0.95 to $3.35 and is now at $3.12, 228% above that low.
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