Shares of Euroseas Ltd. (NASDAQ:ESEA) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating. Euroseas’ rating score has improved by 50% from three months ago as a result of a number of analysts’ ratings changes.

Brokers have set a 1-year consensus price objective of $3.00 for the company, according to Zacks. Zacks has also given Euroseas an industry rank of 233 out of 265 based on the ratings given to its competitors.

ESEA has been the topic of several research analyst reports. Maxim Group restated a “buy” rating and set a $3.00 target price (up previously from $2.50) on shares of Euroseas in a research note on Wednesday, September 13th. ValuEngine upgraded shares of Euroseas from a “strong sell” rating to a “sell” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research cut shares of Euroseas from a “hold” rating to a “sell” rating in a research note on Friday, September 22nd.

A hedge fund recently bought a new stake in Euroseas stock. WealthTrust Axiom LLC acquired a new position in Euroseas Ltd. (NASDAQ:ESEA) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 66,700 shares of the shipping company’s stock, valued at approximately $111,000. WealthTrust Axiom LLC owned 0.60% of Euroseas as of its most recent SEC filing. Institutional investors and hedge funds own 1.68% of the company’s stock.

Euroseas (NASDAQ:ESEA) traded up $0.04 on Friday, reaching $1.79. 4,308 shares of the company’s stock traded hands, compared to its average volume of 41,671. The company has a quick ratio of 0.92, a current ratio of 1.02 and a debt-to-equity ratio of 1.01. The company has a market cap of $19.96, a PE ratio of -0.59 and a beta of 1.71. Euroseas has a 1-year low of $1.13 and a 1-year high of $2.73.

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About Euroseas

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.

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