Seanergy Maritime (SHIP) Stock Rating Upgraded by ValuEngine

Seanergy Maritime (NASDAQ:SHIP) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, Maxim Group lifted their price objective on shares of Seanergy Maritime from $2.00 to $3.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th.

Seanergy Maritime (SHIP) traded up $0.03 during trading on Friday, reaching $1.06. 617,397 shares of the company’s stock traded hands, compared to its average volume of 2,160,169. The company has a current ratio of 0.54, a quick ratio of 0.41 and a debt-to-equity ratio of 4.50. Seanergy Maritime has a 12-month low of $0.58 and a 12-month high of $2.50.

Seanergy Maritime (NASDAQ:SHIP) last posted its quarterly earnings results on Thursday, September 14th. The shipping company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. The firm had revenue of $18.37 million for the quarter. Seanergy Maritime had a negative net margin of 16.30% and a negative return on equity of 32.51%.

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Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp. is an international shipping company. The Company provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. It owns a modern fleet of eleven dry bulk carriers, consisting of nine Capesizes and two Supramaxes, with a combined cargo-carrying capacity of approximately 1,682,582 deadweight tonnages (dwt) and an average fleet age of about 8.1 years.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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