Euroseas Ltd. (NASDAQ:ESEA - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $68.59 and traded as high as $78.47. Euroseas shares last traded at $74.43, with a volume of 34,613 shares traded.
Analyst Ratings Changes
A number of brokerages have recently commented on ESEA. Wall Street Zen raised Euroseas from a "hold" rating to a "buy" rating in a research note on Monday, June 1st. Zacks Research downgraded Euroseas from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Euroseas from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold".
Check Out Our Latest Analysis on ESEA
Euroseas Price Performance
The stock has a market cap of $525.48 million, a P/E ratio of 3.83 and a beta of 0.45. The company's 50 day moving average price is $72.42 and its 200-day moving average price is $68.59. The company has a quick ratio of 5.38, a current ratio of 5.46 and a debt-to-equity ratio of 0.36.
Euroseas (NASDAQ:ESEA - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The shipping company reported $4.70 earnings per share for the quarter, topping the consensus estimate of $4.09 by $0.61. The company had revenue of $56.50 million for the quarter, compared to analysts' expectations of $55.98 million. Euroseas had a net margin of 59.98% and a return on equity of 26.58%. As a group, sell-side analysts expect that Euroseas Ltd. will post 18.03 earnings per share for the current year.
Euroseas Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 9th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Wednesday, September 9th. Euroseas's payout ratio is 16.47%.
Institutional Investors Weigh In On Euroseas
Several institutional investors and hedge funds have recently made changes to their positions in ESEA. Bank of America Corp DE lifted its stake in shares of Euroseas by 1,611.0% in the fourth quarter. Bank of America Corp DE now owns 1,865 shares of the shipping company's stock worth $68,000 after acquiring an additional 1,756 shares during the period. Geode Capital Management LLC acquired a new stake in Euroseas during the 2nd quarter valued at approximately $226,000. Jump Financial LLC acquired a new stake in Euroseas during the 2nd quarter valued at approximately $260,000. Raymond James Financial Inc. bought a new position in Euroseas during the 2nd quarter worth approximately $870,000. Finally, Jane Street Group LLC bought a new position in Euroseas during the 2nd quarter worth approximately $259,000. Institutional investors and hedge funds own 6.27% of the company's stock.
Euroseas Company Profile
(
Get Free Report)
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.
Further Reading
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