EACO Corp. (EACO) Lowered to Hold at ValuEngine
EACO Corp. (OTCMKTS:EACO) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.
EACO Corp. (OTCMKTS EACO) remained flat at $7.95 during mid-day trading on Friday. The firm’s 50-day moving average price is $8.24 and its 200 day moving average price is $7.54. EACO Corp. has a one year low of $5.48 and a one year high of $8.74. The company has a market capitalization of $38.64 million, a PE ratio of 10.03 and a beta of -1.38.
In related news, CEO Glen Ceiley sold 3,800 shares of the firm’s stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $7.82, for a total value of $29,716.00. Following the sale, the chief executive officer now directly owns 69,582 shares in the company, valued at approximately $544,131.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 97.80% of the stock is owned by company insiders.
About EACO Corp.
EACO Corporation (EACO) is a holding company. The Company, through its subsidiary, Bisco Industries, Inc (Bisco), is engaged in the distribution of electronic components and fasteners. The divisions of the Company include Bisco industries, National-Precision and Fast-Cor. Bisco supplies parts used in the manufacture of products in a range of industries, including the aerospace, circuit board, communication, computer, fabrication, instrumentation, industrial equipment and marine industries.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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