EuroDry Ltd. (NASDAQ:EDRY - Free Report) - Stock analysts at Noble Financial decreased their Q3 2024 earnings per share estimates for shares of EuroDry in a research note issued on Wednesday, May 22nd. Noble Financial analyst M. Heim now forecasts that the company will earn $0.83 per share for the quarter, down from their prior estimate of $0.87. The consensus estimate for EuroDry's current full-year earnings is $2.15 per share. Noble Financial also issued estimates for EuroDry's Q1 2025 earnings at $1.67 EPS, Q2 2025 earnings at $2.12 EPS, Q3 2025 earnings at $2.30 EPS, Q4 2025 earnings at $2.27 EPS and FY2025 earnings at $8.37 EPS.
EuroDry Stock Performance
Shares of NASDAQ EDRY traded up $0.15 during mid-day trading on Thursday, reaching $21.70. 4,884 shares of the company were exchanged, compared to its average volume of 8,586. The stock has a market capitalization of $61.63 million, a P/E ratio of -19.04 and a beta of 0.74. The company has a quick ratio of 0.79, a current ratio of 0.95 and a debt-to-equity ratio of 0.72. The company's 50-day simple moving average is $20.98 and its 200-day simple moving average is $20.16. EuroDry has a twelve month low of $13.42 and a twelve month high of $23.98.
Hedge Funds Weigh In On EuroDry
A hedge fund recently raised its stake in EuroDry stock. Linden Thomas Advisory Services LLC increased its position in shares of EuroDry Ltd. (NASDAQ:EDRY - Free Report) by 26.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,917 shares of the company's stock after purchasing an additional 3,362 shares during the quarter. Linden Thomas Advisory Services LLC owned 0.56% of EuroDry worth $303,000 at the end of the most recent reporting period. Institutional investors own 2.44% of the company's stock.
EuroDry Company Profile
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EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. It owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. The company fleet consisted of 13 drybulk carriers comprising five Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 918,502 dwt.
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