Euroseas (NASDAQ:ESEA) Stock Rating Upgraded by Wall Street Zen

Euroseas (NASDAQ:ESEA) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Euroseas in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Euroseas Stock Performance

Shares of ESEA stock opened at $60.81 on Friday. Euroseas has a 12-month low of $26.30 and a 12-month high of $72.86. The business’s fifty day simple moving average is $60.84 and its 200-day simple moving average is $58.95. The company has a current ratio of 4.89, a quick ratio of 4.82 and a debt-to-equity ratio of 0.43. The company has a market cap of $426.28 million, a PE ratio of 3.10 and a beta of 0.80.

Euroseas (NASDAQ:ESEA) last posted its quarterly earnings data on Thursday, February 26th. The shipping company reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.47 by $0.01. Euroseas had a return on equity of 27.82% and a net margin of 60.11%.The firm had revenue of $57.39 million during the quarter, compared to analysts’ expectations of $57.83 million. Analysts expect that Euroseas will post 15.15 earnings per share for the current fiscal year.

Institutional Trading of Euroseas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ESEA. Russell Investments Group Ltd. purchased a new stake in Euroseas during the 4th quarter valued at about $34,000. Bank of America Corp DE lifted its holdings in shares of Euroseas by 387.8% during the second quarter. Bank of America Corp DE now owns 1,117 shares of the shipping company’s stock worth $50,000 after purchasing an additional 888 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Euroseas by 540.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,280 shares of the shipping company’s stock valued at $76,000 after buying an additional 1,080 shares during the last quarter. Quarry LP acquired a new position in Euroseas in the 3rd quarter worth approximately $89,000. Finally, Blue Bell Private Wealth Management LLC purchased a new position in Euroseas during the 3rd quarter worth approximately $205,000. Institutional investors and hedge funds own 6.27% of the company’s stock.

Euroseas Company Profile

Euroseas Ltd. (NASDAQ: ESEA) is an international shipping company specializing in seaborne transportation of containerized and drybulk cargoes. Incorporated in Bermuda with its principal operations and management office based in Athens, Greece, the company owns and charters a diversified fleet of containerships, drybulk carriers and multipurpose vessels. Euroseas provides tailored shipping solutions on time-charter and voyage-charter agreements, serving manufacturers, commodity traders and logistics providers across major trade routes.

Euroseas’s fleet comprises both owned and chartered tonnage, enabling the company to adjust capacity to market conditions and customer requirements.