Euroseas Ltd. (NASDAQ:ESEA - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $37.29 and traded as high as $52.17. Euroseas shares last traded at $51.37, with a volume of 23,427 shares trading hands.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on ESEA. Maxim Group boosted their price objective on Euroseas from $57.00 to $62.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Wall Street Zen raised shares of Euroseas from a "hold" rating to a "buy" rating in a report on Saturday, June 21st.
Read Our Latest Analysis on Euroseas
Euroseas Trading Down 0.1%
The firm has a 50-day moving average of $46.05 and a 200 day moving average of $37.29. The company has a current ratio of 1.74, a quick ratio of 1.68 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $360.10 million, a price-to-earnings ratio of 2.77 and a beta of 0.83.
Euroseas (NASDAQ:ESEA - Get Free Report) last issued its quarterly earnings data on Wednesday, June 18th. The shipping company reported $3.76 earnings per share for the quarter, beating analysts' consensus estimates of $3.35 by $0.41. The business had revenue of $54.74 million for the quarter, compared to analysts' expectations of $53.92 million. Euroseas had a net margin of 58.28% and a return on equity of 31.70%. During the same period in the previous year, the business earned $2.66 earnings per share. As a group, equities analysts predict that Euroseas Ltd. will post 15.15 EPS for the current fiscal year.
Euroseas Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 9th were issued a $0.65 dividend. The ex-dividend date was Wednesday, July 9th. This represents a $2.60 annualized dividend and a dividend yield of 5.1%. Euroseas's dividend payout ratio (DPR) is 14.00%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership raised its stake in shares of Euroseas by 389.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 53,840 shares of the shipping company's stock worth $1,949,000 after buying an additional 42,830 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Euroseas by 17.0% in the 4th quarter. Renaissance Technologies LLC now owns 115,078 shares of the shipping company's stock valued at $4,166,000 after acquiring an additional 16,700 shares during the last quarter. Mariner LLC bought a new position in shares of Euroseas during the 4th quarter valued at about $306,000. Marshall Wace LLP grew its stake in shares of Euroseas by 71.5% in the 4th quarter. Marshall Wace LLP now owns 40,703 shares of the shipping company's stock worth $1,473,000 after purchasing an additional 16,969 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Euroseas by 1,611.0% in 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 in the last quarter. Institutional investors and hedge funds own 6.27% of the company's stock.
Euroseas Company Profile
(
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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