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Seanergy Maritime's (SHIP) Sell (D+) Rating Reiterated at Weiss Ratings

Seanergy Maritime logo with Transportation background

Key Points

  • Weiss Ratings has reiterated a "sell (D+)" rating for Seanergy Maritime (NASDAQ:SHIP), indicating ongoing concerns about the company's performance.
  • Seanergy Maritime's stock price decreased by 0.7%, currently trading at $8.22, with a market cap of approximately $171.80 million.
  • Institutional investors hold 29.36% of Seanergy Maritime's stock, reflecting interest from hedge funds despite the low rating.
  • Interested in Seanergy Maritime? Here are five stocks we like better.

Seanergy Maritime (NASDAQ:SHIP - Get Free Report)'s stock had its "sell (d+)" rating reiterated by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Seanergy Maritime Stock Down 0.7%

Shares of NASDAQ SHIP opened at $8.22 on Wednesday. The stock has a market cap of $171.80 million, a PE ratio of 11.26 and a beta of 0.72. The company has a quick ratio of 0.37, a current ratio of 0.39 and a debt-to-equity ratio of 0.95. Seanergy Maritime has a 52-week low of $4.78 and a 52-week high of $11.20. The business has a 50-day moving average price of $8.02 and a 200 day moving average price of $6.85.

Institutional Trading of Seanergy Maritime

Several hedge funds have recently modified their holdings of SHIP. Campbell & CO Investment Adviser LLC purchased a new position in Seanergy Maritime in the 2nd quarter valued at approximately $90,000. WMG Financial Advisors LLC purchased a new position in Seanergy Maritime in the 2nd quarter valued at approximately $109,000. R Squared Ltd purchased a new position in Seanergy Maritime in the 2nd quarter valued at approximately $122,000. Jane Street Group LLC purchased a new position in Seanergy Maritime in the 2nd quarter valued at approximately $124,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Seanergy Maritime in the 1st quarter valued at approximately $129,000. 29.36% of the stock is owned by institutional investors and hedge funds.

About Seanergy Maritime

(Get Free Report)

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp.

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