United Maritime (NASDAQ:USEA) Trading Up 1.7% – What’s Next?

United Maritime Corporation (NASDAQ:USEA)’s stock price was up 1.7% during trading on Friday . The company traded as high as $1.8450 and last traded at $1.82. Approximately 24,744 shares changed hands during trading, a decline of 44% from the average daily volume of 44,524 shares. The stock had previously closed at $1.79.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded United Maritime from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

United Maritime Stock Performance

The firm’s 50 day simple moving average is $1.82 and its 200 day simple moving average is $1.70. The firm has a market cap of $16.74 million, a PE ratio of -3.64 and a beta of 0.89. The company has a current ratio of 0.62, a quick ratio of 0.61 and a debt-to-equity ratio of 0.71.

United Maritime (NASDAQ:USEA) last issued its earnings results on Friday, November 21st. The company reported $0.40 earnings per share (EPS) for the quarter. The firm had revenue of $10.97 million for the quarter. United Maritime had a negative return on equity of 6.57% and a negative net margin of 10.18%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in United Maritime stock. Renaissance Technologies LLC boosted its holdings in shares of United Maritime Corporation (NASDAQ:USEA) by 638.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,300 shares of the company’s stock after purchasing an additional 65,100 shares during the quarter. Renaissance Technologies LLC owned about 0.82% of United Maritime worth $128,000 as of its most recent SEC filing. 1.63% of the stock is currently owned by institutional investors and hedge funds.

About United Maritime

United Maritime Corporation is a Marshall Islands–incorporated shipping company that provides seaborne transportation of crude oil and petroleum products. Traded on the NASDAQ under the symbol USEA, the company markets its tanker services to major oil producers, traders and refiners around the world. Its business model combines vessel ownership with time-charter contracts to deliver tailored shipping solutions across the energy supply chain.

The company’s fleet is composed primarily of medium‐ and large‐sized oil tankers, including Aframax and Suezmax vessels.