Key Points
- CEO Albert Wong purchased 200,000 Eastern International shares at $1.00 each, investing $200,000 and becoming the direct owner of 200,000 shares.
- ELOG shares opened at $0.53, below their 50-day average of $0.77 and 200-day average of $0.90, with a 52-week range of $0.45 to $3.07.
- The company reported a quarterly loss of $0.08 per share on $9.22 million in revenue, while Weiss Ratings downgraded the stock to “sell (d-)” and the analyst consensus remains “Sell.”
Eastern International Ltd. (NASDAQ:ELOG - Get Free Report) CEO Albert Wong acquired 200,000 shares of the company's stock in a transaction dated Thursday, August 27th. The stock was acquired at an average cost of $1.00 per share, with a total value of $200,000.00. Following the transaction, the chief executive officer directly owned 200,000 shares of the company's stock, valued at approximately $200,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Eastern International Price Performance
Shares of ELOG stock opened at $0.53 on Friday. The company's fifty day simple moving average is $0.77 and its 200-day simple moving average is $0.90. Eastern International Ltd. has a 52 week low of $0.45 and a 52 week high of $3.07.
Eastern International (NASDAQ:ELOG - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $9.22 million for the quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings cut Eastern International from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of "Sell".
Check Out Our Latest Report on Eastern International
About Eastern International
(
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Eastern International Ltd. is a provider of domestic and cross-border professional logistic services including project logistic and general logistic. Eastern International Ltd. is based in Hangzhou, China.
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