Castor Maritime (NASDAQ:CTRM) Trading 0.5% Higher – Here’s What Happened

Shares of Castor Maritime Inc. (NASDAQ:CTRM) were up 0.5% on Monday . The stock traded as high as $1.99 and last traded at $1.96. Approximately 41,107 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 65,919 shares. The stock had previously closed at $1.95.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Castor Maritime in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Castor Maritime Trading Up 0.5%

The company has a debt-to-equity ratio of 0.03, a current ratio of 5.61 and a quick ratio of 5.61. The company has a market cap of $18.93 million, a price-to-earnings ratio of -0.63 and a beta of 1.00. The business has a 50 day simple moving average of $2.17 and a 200 day simple moving average of $2.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its holdings in Castor Maritime by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,600 shares of the company’s stock worth $61,000 after acquiring an additional 4,586 shares during the last quarter. Virtu Financial LLC acquired a new stake in Castor Maritime in the 4th quarter valued at about $25,000. Finally, Jane Street Group LLC bought a new position in shares of Castor Maritime in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 1.08% of the company’s stock.

About Castor Maritime

Castor Maritime Inc is a global shipping company that specializes in the acquisition and operation of dry bulk carriers. The company’s fleet, comprising primarily Supramax, Ultramax and Handysize vessels, is deployed on short-, medium- and long-term time and voyage charters. Castor Maritime focuses on the seaborne transportation of dry bulk commodities such as coal, grain, iron ore, fertilizers and other industrial raw materials.

Headquartered in Athens, Greece, with a commercial office in New York, Castor Maritime serves customers across Asia, Europe and the Americas.