The Eastern Company is an AMEX listed security that has been trading in a range between $13.71 and $33.90 over the past year. With 5,578,520 shares outstanding, a recent price of $26.30 gives a total market capitalization of $146,603,509. While there are certainly larger companies, The Eastern Company has definitely earned its place in the pack. Last year, The Eastern Company created $2.60 in earnings for every share outstanding.
The Eastern Company is currently priced by the market at 10.10 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share in excess of $1 a share, The Eastern Company could be an interesting value proposition.
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