Euroseas (NASDAQ:ESEA) Upgraded at StockNews.com

Euroseas (NASDAQ:ESEAGet Free Report) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other equities analysts have also recently commented on ESEA. Noble Financial upgraded shares of Euroseas to a “strong-buy” rating in a research note on Wednesday, July 10th. Alliance Global Partners began coverage on Euroseas in a report on Monday, September 9th. They set a “buy” rating and a $60.00 price objective for the company.

View Our Latest Analysis on ESEA

Euroseas Stock Performance

Shares of NASDAQ ESEA opened at $43.30 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.46 and a debt-to-equity ratio of 0.52. Euroseas has a 52-week low of $22.50 and a 52-week high of $50.92. The stock has a market capitalization of $303.53 million, a price-to-earnings ratio of 2.56 and a beta of 0.85. The stock’s fifty day simple moving average is $44.70 and its 200 day simple moving average is $39.55.

Euroseas (NASDAQ:ESEAGet Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The shipping company reported $4.92 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $2.43. The firm had revenue of $60.29 million for the quarter, compared to the consensus estimate of $49.33 million. Euroseas had a net margin of 57.36% and a return on equity of 38.07%. As a group, sell-side analysts forecast that Euroseas will post 14.99 earnings per share for the current fiscal year.

Institutional Trading of Euroseas

Large investors have recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp acquired a new stake in Euroseas in the 1st quarter worth about $1,300,000. Acadian Asset Management LLC raised its stake in shares of Euroseas by 49.6% during the first quarter. Acadian Asset Management LLC now owns 71,763 shares of the shipping company’s stock valued at $2,570,000 after acquiring an additional 23,796 shares during the last quarter. Inspire Investing LLC acquired a new position in Euroseas during the 3rd quarter worth about $913,000. Quadrature Capital Ltd boosted its holdings in Euroseas by 51.4% in the fourth quarter. Quadrature Capital Ltd now owns 46,007 shares of the shipping company’s stock valued at $1,434,000 after acquiring an additional 15,618 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Euroseas in the 4th quarter valued at $350,000. Institutional investors and hedge funds own 6.27% of the company’s stock.

About Euroseas

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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.

Further Reading

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