Seanergy Maritime (NASDAQ:SHIP) announced its quarterly earnings results on Thursday. The shipping company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.05, Fidelity Earnings reports. The firm had revenue of $27.77 million for the quarter. Seanergy Maritime had a negative return on equity of 80.98% and a negative net margin of 20.98%.
Shares of SHIP stock traded down $0.02 during trading on Friday, hitting $0.31. The company had a trading volume of 360,174 shares, compared to its average volume of 255,201. The stock’s 50-day moving average is $0.45 and its two-hundred day moving average is $0.53. The stock has a market capitalization of $9.37 million, a price-to-earnings ratio of -0.06 and a beta of 0.92. Seanergy Maritime has a 52 week low of $0.30 and a 52 week high of $8.25.
SHIP has been the topic of several research analyst reports. Maxim Group restated a “buy” rating and issued a $1.00 price objective on shares of Seanergy Maritime in a research report on Sunday, February 9th. ValuEngine cut shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Zacks Investment Research cut shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.
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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