EuroDry (NASDAQ:EDRY) Stock Rating Upgraded by Noble Financial

EuroDry (NASDAQ:EDRY) was upgraded by Noble Financial from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a $23.50 price objective on the stock. Noble Financial’s price objective points to a potential upside of 65.20% from the company’s current price. Noble Financial also issued estimates for EuroDry’s Q4 2026 earnings at $0.69 EPS.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EuroDry in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $23.50.

EuroDry Stock Performance

NASDAQ EDRY opened at $14.23 on Thursday. The business’s 50 day moving average is $13.35 and its two-hundred day moving average is $12.48. EuroDry has a 12-month low of $7.60 and a 12-month high of $16.14. The company has a current ratio of 1.27, a quick ratio of 1.21 and a debt-to-equity ratio of 0.86.

EuroDry (NASDAQ:EDRY) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.08). The company had revenue of $14.39 million during the quarter, compared to analyst estimates of $14.56 million. EuroDry had a negative net margin of 21.73% and a negative return on equity of 9.87%. As a group, analysts expect that EuroDry will post -2.84 earnings per share for the current fiscal year.

EuroDry Company Profile

EuroDry Limited is a Marshall Islands–incorporated shipping company, formed in 2005 and headquartered in Piraeus, Greece. The company is publicly traded on the NASDAQ under the symbol EDRY. Since its inception, EuroDry has focused exclusively on the marine transportation of drybulk commodities and has grown its fleet through a combination of newbuilding contracts and second-hand acquisitions.

As of mid-2024, EuroDry’s operating fleet comprises Capesize, Panamax and Supramax drybulk carriers, collectively providing over one million deadweight tons (dwt) of capacity.