Stock analysts at StockNews.com started coverage on shares of Euroseas (NASDAQ:ESEA - Get Free Report) in a report released on Tuesday. The brokerage set a "hold" rating on the shipping company's stock.
Euroseas Stock Down 2.3%
Shares of ESEA stock opened at $37.85 on Tuesday. Euroseas has a 1 year low of $26.30 and a 1 year high of $50.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.59 and a current ratio of 1.65. The business's fifty day moving average is $31.69 and its 200-day moving average is $34.29. The stock has a market cap of $265.33 million, a PE ratio of 2.33 and a beta of 0.75.
Institutional Trading of Euroseas
Institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC increased its position in shares of Euroseas by 67.5% in the third quarter. Barclays PLC now owns 623 shares of the shipping company's stock worth $30,000 after acquiring an additional 251 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Euroseas during the 4th quarter valued at $306,000. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Euroseas by 46.1% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 11,410 shares of the shipping company's stock valued at $413,000 after purchasing an additional 3,600 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings 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 valued at $1,949,000 after purchasing an additional 42,830 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Euroseas by 17.0% in the fourth quarter. Renaissance Technologies LLC now owns 115,078 shares of the shipping company's stock worth $4,166,000 after buying an additional 16,700 shares during the period. Institutional investors and hedge funds own 6.27% of the company's stock.
About Euroseas
(
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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