Equities researchers at StockNews.com began coverage on shares of Euroseas (NASDAQ:ESEA - Get Free Report) in a research note issued to investors on Monday. The brokerage set a "buy" rating on the shipping company's stock.
Euroseas Price Performance
ESEA stock traded up $3.08 on Monday, hitting $38.42. 63,979 shares of the company's stock traded hands, compared to its average volume of 38,271. Euroseas has a 1-year low of $26.30 and a 1-year high of $50.92. The stock has a market cap of $269.32 million, a price-to-earnings ratio of 2.37 and a beta of 0.75. The stock has a fifty day moving average of $31.18 and a 200-day moving average of $34.40. The company has a current ratio of 1.65, a quick ratio of 1.59 and a debt-to-equity ratio of 0.53.
Institutional Trading of Euroseas
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Novem Group acquired a new stake in Euroseas during the fourth quarter valued at approximately $847,000. Millennium Management LLC raised its holdings in shares of Euroseas by 661.4% during the fourth quarter. Millennium Management LLC now owns 40,931 shares of the shipping company's stock valued at $1,482,000 after acquiring an additional 35,555 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Euroseas by 30.9% during the fourth quarter. Lazard Asset Management LLC now owns 30,165 shares of the shipping company's stock valued at $1,091,000 after acquiring an additional 7,127 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of Euroseas by 4.6% during the fourth quarter. Cubist Systematic Strategies LLC now owns 10,813 shares of the shipping company's stock valued at $391,000 after acquiring an additional 471 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Euroseas by 1,611.0% during the fourth quarter. Bank of America Corp DE now owns 1,865 shares of the shipping company's stock valued at $68,000 after acquiring an additional 1,756 shares during the period. 6.27% of the stock is owned by institutional investors and hedge funds.
About Euroseas
(
Get Free Report)
Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of March 31, 2024, it had a fleet of 20 containerships with a cargo carrying capacity of approximately 777,749 dwt.
Further Reading
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