Euroseas Ltd. (NASDAQ:ESEA - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $34.09 and traded as high as $38.68. Euroseas shares last traded at $38.56, with a volume of 16,144 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen started coverage on Euroseas in a research note on Tuesday, May 20th. They issued a "hold" rating on the stock.
Read Our Latest Report on ESEA
Euroseas Price Performance
The company has a debt-to-equity ratio of 0.53, a current ratio of 1.65 and a quick ratio of 1.59. The stock's 50 day moving average price is $33.18 and its two-hundred day moving average price is $34.12. The firm has a market capitalization of $275.21 million, a price-to-earnings ratio of 2.42 and a beta of 0.75.
Institutional Trading of Euroseas
Several hedge funds have recently added to or reduced their stakes in ESEA. Sheaff Brock Investment Advisors LLC increased its position in Euroseas by 46.1% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 11,410 shares of the shipping company's stock worth $413,000 after buying an additional 3,600 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Euroseas by 389.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 53,840 shares of the shipping company's stock worth $1,949,000 after acquiring an additional 42,830 shares during the last quarter. Renaissance Technologies LLC increased its position in Euroseas by 17.0% during the fourth quarter. Renaissance Technologies LLC now owns 115,078 shares of the shipping company's stock worth $4,166,000 after acquiring an additional 16,700 shares during the period. Mariner LLC bought a new position in Euroseas during the fourth quarter worth $306,000. Finally, Marshall Wace LLP raised its stake in Euroseas by 71.5% during the 4th quarter. Marshall Wace LLP now owns 40,703 shares of the shipping company's stock valued at $1,473,000 after purchasing an additional 16,969 shares during the last quarter. Institutional investors 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.
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