ValuEngine cut shares of Euroseas (NASDAQ:ESEA) from a hold rating to a sell rating in a research note published on Thursday morning, ValuEngine reports.
Several other analysts also recently commented on the company. Noble Financial reissued a buy rating and issued a $1.30 price objective on shares of Euroseas in a research note on Thursday, August 22nd. Maxim Group set a $1.00 price objective on Euroseas and gave the stock a buy rating in a research note on Friday, August 9th. Finally, Zacks Investment Research downgraded Euroseas from a buy rating to a sell rating in a research note on Wednesday, August 21st.
Shares of Euroseas stock traded up $0.01 on Thursday, hitting $0.75. The company had a trading volume of 453,523 shares, compared to its average volume of 89,283. The stock has a market capitalization of $9.32 million, a price-to-earnings ratio of -2.58 and a beta of 0.77. Euroseas has a 1 year low of $0.51 and a 1 year high of $3.87. The stock has a 50 day moving average of $0.68 and a 200-day moving average of $0.66. The company has a debt-to-equity ratio of 21.13, a quick ratio of 0.41 and a current ratio of 0.54.
Euroseas (NASDAQ:ESEA) last issued its quarterly earnings data on Thursday, August 8th. The shipping company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.09). The company had revenue of $8.44 million during the quarter, compared to analysts’ expectations of $8.67 million. Euroseas had a negative return on equity of 76.01% and a negative net margin of 2.34%. Equities analysts anticipate that Euroseas will post -0.11 earnings per share for the current year.
Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers.
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