Euroseas Ltd. (ESEA) Trading 30.3% Higher
Euroseas Ltd. (NASDAQ:ESEA) shares traded up 30.3% on Friday . The stock traded as high as $2.45 and last traded at $2.41, with a volume of 129,834 shares. The stock had previously closed at $1.85.
Separately, Zacks Investment Research cut Euroseas from a “buy” rating to a “hold” rating in a report on Monday, May 2nd.
The firm has a 50-day moving average of $1.99 and a 200 day moving average of $2.09. The company’s market cap is $19.81 million.
Euroseas (NASDAQ:ESEA) last announced its earnings results on Tuesday, May 24th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.25) by $0.13. On average, equities analysts predict that Euroseas Ltd. will post ($0.87) earnings per share for the current year.
Euroseas Ltd. is engaged in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company’s operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers.
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