Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) has received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus price target of $1.30 for the company and are anticipating that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also assigned Seanergy Maritime an industry rank of 40 out of 255 based on the ratings given to its competitors.
Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Maxim Group reiterated a “buy” rating on shares of Seanergy Maritime in a report on Friday, November 1st. Finally, ValuEngine downgraded shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a report on Monday, November 4th.
Seanergy Maritime stock remained flat at $$0.46 during trading on Friday. 206,045 shares of the company traded hands, compared to its average volume of 114,842. Seanergy Maritime has a 12-month low of $0.45 and a 12-month high of $8.70. The company has a fifty day simple moving average of $0.50 and a 200 day simple moving average of $0.56. The stock has a market cap of $12.48 million, a PE ratio of -0.09 and a beta of 0.89.
Seanergy Maritime (NASDAQ:SHIP) last posted its earnings results on Tuesday, November 5th. The shipping company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.23). Seanergy Maritime had a negative net margin of 20.98% and a negative return on equity of 80.98%. The company had revenue of $23.96 million during the quarter. On average, equities analysts expect that Seanergy Maritime will post -0.77 EPS for the current year.
Large investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in shares of Seanergy Maritime in the third quarter worth $27,000. Morgan Stanley acquired a new position in shares of Seanergy Maritime in the second quarter worth $27,000. Anson Funds Management LP acquired a new position in shares of Seanergy Maritime in the second quarter worth $163,000. Finally, Verition Fund Management LLC acquired a new position in shares of Seanergy Maritime in the second quarter worth $261,000. Institutional investors and hedge funds own 8.42% of the company’s stock.
About Seanergy Maritime
Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of April 4, 2019, it owned a fleet of 10 Capesizes with a cargo-carrying capacity of approximately 1,748,581 deadweight tons and an average fleet age of 10 years.
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