Euroseas (NASDAQ:ESEA) announced its quarterly earnings data on Monday. The shipping company reported ($0.02) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02), Fidelity Earnings reports. Euroseas had a negative return on equity of 76.01% and a negative net margin of 2.34%.
Shares of ESEA opened at $0.48 on Tuesday. The business’s fifty day moving average price is $0.63 and its 200 day moving average price is $0.64. Euroseas has a 12-month low of $0.42 and a 12-month high of $1.06. The stock has a market capitalization of $5.93 million, a PE ratio of -1.66 and a beta of 0.78. The company has a debt-to-equity ratio of 21.13, a current ratio of 0.54 and a quick ratio of 0.41.
Several equities analysts recently issued reports on ESEA shares. ValuEngine cut Euroseas from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. Maxim Group restated a “buy” rating and set a $1.00 price objective on shares of Euroseas in a research note on Wednesday, November 20th. Noble Financial restated a “buy” rating and set a $1.30 price objective on shares of Euroseas in a research note on Thursday, August 22nd. Finally, Zacks Investment Research upgraded Euroseas from a “strong sell” rating to a “hold” rating in a research note on Monday, October 21st.
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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