EuroDry Ltd (NASDAQ:EDRY) has earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus price target of $11.25 for the company and are predicting that the company will post ($0.46) EPS for the current quarter, according to Zacks. Zacks has also given EuroDry an industry rank of 101 out of 256 based on the ratings given to related companies.
EDRY has been the subject of several recent research reports. Maxim Group set a $9.00 target price on shares of EuroDry and gave the company a “buy” rating in a research note on Friday, August 9th. ValuEngine upgraded shares of EuroDry from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd. Zacks Investment Research upgraded shares of EuroDry from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research report on Tuesday, August 20th. Finally, Noble Financial set a $14.00 price target on EuroDry and gave the company a “buy” rating in a report on Friday, August 16th.
NASDAQ:EDRY traded down $0.07 during trading hours on Friday, reaching $7.62. 240 shares of the stock were exchanged, compared to its average volume of 1,954. EuroDry has a 52 week low of $6.51 and a 52 week high of $14.50. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $17.83 million, a P/E ratio of 31.75 and a beta of -0.92. The firm has a 50 day simple moving average of $7.69 and a 200-day simple moving average of $7.70.
EuroDry (NASDAQ:EDRY) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.65) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by ($0.20). The firm had revenue of $6.19 million during the quarter, compared to the consensus estimate of $6.49 million. EuroDry had a net margin of 4.08% and a return on equity of 3.16%. As a group, analysts expect that EuroDry will post -1.53 earnings per share for the current year.
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks comprising bauxite, phosphate, and fertilizers. As of November 15, 2018, it operated a fleet of six vessels, including one Ultramax, two Kamsarmax, and three Panamax drybulk carriers with a cargo capacity of 453,086 deadweight tons.
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