Media coverage about Eagle Bulk Shipping (NASDAQ:EGLE) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eagle Bulk Shipping earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the shipping company an impact score of 46.3979797034721 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern’s rankings:
Shares of Eagle Bulk Shipping (EGLE) traded up $0.03 during trading hours on Wednesday, reaching $4.64. 327,689 shares of the company traded hands, compared to its average volume of 501,138. The company has a market cap of $341.62, a P/E ratio of -1.37 and a beta of 2.36. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.75 and a current ratio of 4.25. Eagle Bulk Shipping has a fifty-two week low of $4.18 and a fifty-two week high of $5.92.
EGLE has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Eagle Bulk Shipping from a “hold” rating to a “sell” rating in a research report on Tuesday. Maxim Group reiterated a “hold” rating and set a $4.50 price target on shares of Eagle Bulk Shipping in a research report on Thursday, November 2nd. BidaskClub upgraded shares of Eagle Bulk Shipping from a “strong sell” rating to a “sell” rating in a research report on Friday, February 9th. ValuEngine upgraded shares of Eagle Bulk Shipping from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Noble Financial began coverage on shares of Eagle Bulk Shipping in a research report on Friday, January 12th. They set a “buy” rating and a $6.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.00.
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Eagle Bulk Shipping Company Profile
Eagle Bulk Shipping Inc is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels.
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