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Euroseas (NASDAQ:ESEA) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday. The firm currently has a $1.20 price target on the stock. Zacks‘s target price suggests a potential upside of 5.26% from the stock’s previous close.

Euroseas (NASDAQ:ESEA) remained flat at $1.14 during trading on Tuesday. 8,164 shares of the company’s stock traded hands. Euroseas has a one year low of $1.01 and a one year high of $1.80. The stock’s 50-day moving average is $1.16 and its 200-day moving average is $1.26. The company’s market cap is $64.9 million.

Euroseas (NASDAQ:ESEA) last issued its quarterly earnings data on Tuesday, May 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.04. The company had revenue of $11.34 million for the quarter, compared to the consensus estimate of $9.00 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. Analysts expect that Euroseas will post $-0.17 EPS for the current fiscal year.

Euroseas Ltd. (NASDAQ:ESEA) is a provider of worldwide ocean-going transportation services.

To view Zacks’ full report, visit Zacks’ official website.

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