Euroseas (NASDAQ:ESEA) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Price breakout: Euroseas shares crossed above their 200-day moving average (200-day MA $59.35) and last traded around $70.84 (high $71.28), while analysts' consensus is a "Moderate Buy" with an average price target of $62.00, below the current price.
• Solid fundamentals: The company shows a low PE of 3.61, market cap ~$496.6M, strong profitability (net margin 60.11%, ROE 27.82%) and healthy liquidity (quick ratio 4.82, current ratio 4.89) with modest leverage (debt-to-equity 0.43).
• Attractive dividend: Euroseas raised its quarterly dividend to $0.75 ($3.00 annualized), yielding about 4.2% with a low payout ratio of ~15.3%.

Euroseas Ltd. (NASDAQ:ESEA - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $59.35 and traded as high as $71.28. Euroseas shares last traded at $70.84, with a volume of 53,898 shares.

Wall Street Analyst Weigh In

ESEA has been the topic of several research reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of Euroseas in a research report on Monday, December 29th. Wall Street Zen upgraded Euroseas from a "hold" rating to a "buy" rating in a report on Saturday, March 28th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Euroseas currently has an average rating of "Moderate Buy" and an average price target of $62.00.

Euroseas Stock Up 1.3%

The company has a quick ratio of 4.82, a current ratio of 4.89 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $496.59 million, a PE ratio of 3.61 and a beta of 0.73. The business's 50 day simple moving average is $64.11 and its 200 day simple moving average is $59.35.

Euroseas (NASDAQ:ESEA - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The shipping company reported $4.48 EPS for the quarter, beating analysts' consensus estimates of $4.47 by $0.01. Euroseas had a net margin of 60.11% and a return on equity of 27.82%. The company had revenue of $57.39 million during the quarter, compared to analyst estimates of $57.83 million. As a group, analysts forecast that Euroseas Ltd. will post 15.15 EPS for the current year.

Euroseas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.75 per share. This is a boost from Euroseas's previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, March 10th. Euroseas's payout ratio is currently 15.29%.

Hedge Funds Weigh In On Euroseas

Institutional investors and hedge funds have recently bought and sold shares of the business. Commons Capital LLC purchased a new position in Euroseas during the 4th quarter valued at about $563,000. PharVision Advisers LLC purchased a new position in Euroseas during the 3rd quarter valued at about $493,000. Bank of America Corp DE grew its stake in Euroseas by 508.3% during the 3rd quarter. Bank of America Corp DE now owns 6,795 shares of the shipping company's stock valued at $405,000 after acquiring an additional 5,678 shares in the last quarter. State of Tennessee Department of Treasury purchased a new position in Euroseas during the 4th quarter valued at about $404,000. Finally, Virtu Financial LLC purchased a new position in Euroseas during the 3rd quarter valued at about $321,000. Hedge funds and other institutional investors 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.

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