EACO (OTCMKTS:EACO) Shares Gap Down – Here’s Why

EACO Corp. (OTCMKTS:EACO) gapped down prior to trading on Thursday . The stock had previously closed at $121.99, but opened at $115.00. EACO shares last traded at $115.00, with a volume of 105 shares.

EACO Stock Performance

The firm has a market cap of $558.90 million, a PE ratio of 13.48 and a beta of 0.31. The company’s 50-day simple moving average is $101.25 and its two-hundred day simple moving average is $95.06.

EACO (OTCMKTS:EACO) last announced its quarterly earnings results on Wednesday, July 1st. The financial services provider reported $2.77 earnings per share (EPS) for the quarter. EACO had a net margin of 8.47% and a return on equity of 24.43%. The business had revenue of $142.35 million for the quarter.

About EACO

EACO Corporation, through its subsidiary, Bisco Industries, Inc, distributes and sells electronic components and fasteners in the United States, Asia, Canada, and internationally. It offers electronic components, such as spacers and standoffs, card guides and ejectors, component holders and fuses, circuit board connectors, and cable components, as well as various fasteners and hardware products. The company also provides customized services and solutions for various production needs, including special packaging, bin stocking, kitting and assembly, bar coding, electronic requisitioning, integrated supply programs, and others.