Euroseas Ltd. (ESEA) Sees Large Volume Increase
Shares of Euroseas Ltd. (NASDAQ:ESEA) saw strong trading volume on Monday . 529,147 shares traded hands during trading, an increase of 950% from the previous session’s volume of 50,392 shares.The stock last traded at $2.27 and had previously closed at $2.42.
Separately, Zacks Investment Research lowered Euroseas from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd.
The stock has a 50-day moving average of $2.00 and a 200 day moving average of $2.09. The company’s market capitalization is $20.16 million.
Euroseas (NASDAQ:ESEA) last issued its earnings results on Tuesday, May 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.13. On average, equities research analysts anticipate 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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