Maxim Group Reiterates “Buy” Rating for Seanergy Maritime (NASDAQ:SHIP)

Maxim Group restated their buy rating on shares of Seanergy Maritime (NASDAQ:SHIP) in a report released on Saturday, Stock Target Advisor reports. They currently have a $0.30 price target on the shipping company’s stock.

SHIP has been the subject of a number of other reports. ValuEngine upgraded Seanergy Maritime from a hold rating to a buy rating in a research report on Thursday, April 2nd. Zacks Investment Research lowered Seanergy Maritime from a hold rating to a strong sell rating in a research report on Tuesday, June 23rd.

NASDAQ:SHIP opened at $2.14 on Friday. Seanergy Maritime has a 12 month low of $1.92 and a 12 month high of $14.37. The stock has a 50 day moving average of $0.16 and a two-hundred day moving average of $0.28. The company has a current ratio of 0.09, a quick ratio of 0.08 and a debt-to-equity ratio of 0.41. The firm has a market cap of $44.46 million, a P/E ratio of -1.88 and a beta of 1.20.

Seanergy Maritime (NASDAQ:SHIP) last posted its quarterly earnings data on Thursday, June 25th. The shipping company reported ($0.31) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.31). The company had revenue of $13.34 million during the quarter, compared to analyst estimates of $16.47 million. Seanergy Maritime had a negative return on equity of 41.71% and a negative net margin of 13.60%. On average, research analysts forecast that Seanergy Maritime will post -0.06 earnings per share for the current year.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of April 4, 2019, it owned a fleet of 10 Capesizes with a cargo-carrying capacity of approximately 1,748,581 deadweight tons and an average fleet age of 10 years.

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