Seanergy Maritime (NASDAQ:SHIP) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

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.

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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Earnings History for Seanergy Maritime (NASDAQ:SHIP)

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