Euroseas (NASDAQ:ESEA) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Euroseas Ltd. (NASDAQ:ESEA - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $34.40 and traded as high as $38.76. Euroseas shares last traded at $38.42, with a volume of 63,979 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Euroseas in a research report on Monday. They set a "buy" rating on the stock.

Euroseas Price Performance

The stock has a market capitalization of $262.80 million, a PE ratio of 2.31 and a beta of 0.75. The stock's 50 day moving average is $31.47 and its two-hundred day moving average is $34.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.59 and a current ratio of 1.65.

Euroseas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 11th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 6.94%. This is a positive change from Euroseas's previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, March 11th. Euroseas's dividend payout ratio (DPR) is 16.10%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ESEA. Barclays PLC raised its position in shares of Euroseas by 67.5% during the 3rd quarter. Barclays PLC now owns 623 shares of the shipping company's stock valued at $30,000 after buying an additional 251 shares during the period. Bank of America Corp DE lifted its position in shares of Euroseas by 1,611.0% during the 4th quarter. Bank of America Corp DE now owns 1,865 shares of the shipping company's stock worth $68,000 after purchasing an additional 1,756 shares during the last quarter. Retireful LLC purchased a new stake in shares of Euroseas during the 4th quarter worth $222,000. Mariner LLC purchased a new stake in Euroseas in the fourth quarter valued at $306,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Euroseas in the fourth quarter valued at about $306,000. 6.27% of the stock is owned by hedge funds and other institutional investors.

Euroseas Company Profile

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.