EACO (OTCMKTS:EACO) Trading 19.6% Higher - Here's What Happened

EACO Corp. (OTCMKTS:EACO - Get Free Report)'s share price shot up 19.6% during trading on Tuesday . The stock traded as high as $42.00 and last traded at $42.00. 345 shares traded hands during trading, an increase of 2,980% from the average session volume of 11 shares. The stock had previously closed at $35.12.

EACO Price Performance

The firm has a 50 day moving average of $40.40 and a 200 day moving average of $41.68. The firm has a market cap of $261.96 million, a price-to-earnings ratio of 8.88 and a beta of 0.10. The company has a quick ratio of 1.39, a current ratio of 2.86 and a debt-to-equity ratio of 0.03.

EACO (OTCMKTS:EACO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 1st. The financial services provider reported $1.94 earnings per share (EPS) for the quarter. The firm had revenue of $111.41 million for the quarter. EACO had a return on equity of 22.78% and a net margin of 7.39%.

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.