Euroseas Ltd. (ESEA) Sees Unusually-High Trading Volume
Euroseas Ltd. (NASDAQ:ESEA) saw strong trading volume on Monday . 529,147 shares changed hands during mid-day 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 cut shares of Euroseas from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd.
The firm’s 50 day moving average price is $2.02 and its 200 day moving average price is $2.09. The company’s market cap is $19.34 million.
Euroseas (NASDAQ:ESEA) last issued its earnings results on Tuesday, May 24th. The company reported ($0.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.13. On average, equities research analysts forecast that Euroseas Ltd. will post ($0.87) earnings per share for the current fiscal 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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