Heidmar Maritime Holdings Corp. (NASDAQ:HMR – Get Free Report) shares dropped 8.1% during trading on Wednesday . The company traded as low as $1.14 and last traded at $1.14. Approximately 104,698 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 413,895 shares. The stock had previously closed at $1.24.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on HMR shares. Weiss Ratings cut shares of Heidmar Maritime from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. B. Riley Financial lowered their target price on shares of Heidmar Maritime from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. Zacks Research upgraded shares of Heidmar Maritime from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Maxim Group set a $2.25 target price on Heidmar Maritime in a research report on Thursday, May 28th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Heidmar Maritime currently has a consensus rating of “Hold” and an average price target of $2.63.
Read Our Latest Stock Report on HMR
Heidmar Maritime Price Performance
About Heidmar Maritime
Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes.
Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double‐hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels.
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