Euroseas Ltd. (NASDAQ:ESEA) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 44,300 shares, a decrease of 22.0% from the September 15th total of 56,800 shares. Based on an average trading volume of 255,700 shares, the short-interest ratio is presently 0.2 days. Approximately 2.8% of the company’s shares are sold short.
Shares of NASDAQ ESEA traded up $0.12 during midday trading on Friday, hitting $3.22. 77,063 shares of the company traded hands, compared to its average volume of 190,265. Euroseas has a 12-month low of $1.23 and a 12-month high of $6.24. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.53 and a current ratio of 0.60. The stock has a 50-day moving average price of $2.46 and a 200 day moving average price of $2.48. The firm has a market cap of $18.02 million, a P/E ratio of 12.39 and a beta of 0.63.
Euroseas (NASDAQ:ESEA) last announced its quarterly earnings data on Tuesday, August 11th. The shipping company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.18. The business had revenue of $14.14 million for the quarter, compared to analysts’ expectations of $14.91 million. Euroseas had a net margin of 4.37% and a return on equity of 1.96%. As a group, equities analysts expect that Euroseas will post 0.25 earnings per share for the current year.
Several brokerages have recently commented on ESEA. Noble Financial reaffirmed a “buy” rating and set a $6.35 price objective on shares of Euroseas in a research note on Tuesday, September 22nd. Zacks Investment Research upgraded shares of Euroseas from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research report on Friday, August 21st.
Euroseas Company Profile
Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers.
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