EuroDry (NASDAQ:EDRY) Announces Earnings Results

EuroDry (NASDAQ:EDRY) posted its quarterly earnings data on Monday. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.56), Zacks reports. EuroDry had a negative net margin of 9.64% and a negative return on equity of 4.83%.

EuroDry Trading Down 2.1 %

NASDAQ EDRY opened at $10.50 on Monday. EuroDry has a 52 week low of $10.04 and a 52 week high of $24.84. The firm has a 50 day moving average of $11.09 and a two-hundred day moving average of $15.67. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $29.82 million, a PE ratio of -4.77 and a beta of 0.76.

Analyst Ratings Changes

Separately, Noble Financial cut EuroDry from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th.

EuroDry Company Profile

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. It owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. The company fleet consisted of 13 drybulk carriers comprising five Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 918,502 dwt.