Euroseas Ltd. (ESEA) Cut to “Strong Sell” at ValuEngine
Euroseas Ltd. (NASDAQ:ESEA) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, November 14th.
ESEA has been the subject of several other reports. Maxim Group began coverage on shares of Euroseas in a research note on Monday, August 21st. They set a “buy” rating and a $2.50 target price for the company. Zacks Investment Research raised shares of Euroseas from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th.
Euroseas (ESEA) traded down $0.05 during mid-day trading on Tuesday, reaching $1.85. 19,367 shares of the company traded hands, compared to its average volume of 315,098. Euroseas has a fifty-two week low of $1.13 and a fifty-two week high of $2.97. The company has a quick ratio of 0.92, a current ratio of 1.02 and a debt-to-equity ratio of 1.01.
Euroseas Ltd. is engaged in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company’s operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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