Euroseas Ltd. (NASDAQ:ESEA) has been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokers have set a 1 year consensus price target of $2.10 for the company, according to Zacks. Zacks has also assigned Euroseas an industry rank of 192 out of 265 based on the ratings given to its competitors.
A number of research firms recently issued reports on ESEA. ValuEngine upgraded shares of Euroseas from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 8th. Zacks Investment Research lowered shares of Euroseas from a “buy” rating to a “hold” rating in a research note on Monday, May 8th.
A hedge fund recently raised its stake in Euroseas stock. Renaissance Technologies LLC increased its stake in Euroseas Ltd. (NASDAQ:ESEA) by 28.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,670 shares of the shipping company’s stock after buying an additional 43,800 shares during the period. Renaissance Technologies LLC owned 2.42% of Euroseas worth $336,000 as of its most recent filing with the SEC. 2.82% of the stock is owned by hedge funds and other institutional investors.
Euroseas (NASDAQ ESEA) traded down 4.35% during trading on Monday, reaching $1.32. 57,458 shares of the company’s stock were exchanged. The company’s market capitalization is $14.75 million. The company’s 50-day moving average is $1.28 and its 200-day moving average is $1.50. Euroseas has a 1-year low of $1.04 and a 1-year high of $8.07.
Euroseas (NASDAQ:ESEA) last posted its earnings results on Friday, May 12th. The shipping company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.14. Euroseas had a negative net margin of 144.43% and a negative return on equity of 20.36%. The firm had revenue of $8.29 million during the quarter. Equities research analysts expect that Euroseas will post ($0.48) earnings per share for the current fiscal year.
Euroseas Ltd. is engaged in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company’s operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers.
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