Eagle Bulk Shipping Inc. (NASDAQ:EGLE)’s share price fell 10.5% on Tuesday . The stock traded as low as $6.64 and last traded at $7.04, with a volume of 71,867 shares. The stock had previously closed at $7.87.

The firm’s 50-day moving average is $8.31 and its 200-day moving average is $13.22. The stock’s market capitalization is $16.04 million.

Eagle Bulk Shipping (NASDAQ:EGLE) last posted its quarterly earnings data on Monday, August 8th. The company reported ($9.98) EPS for the quarter. The company earned $25.60 million during the quarter, compared to the consensus estimate of $22.70 million. Equities analysts anticipate that Eagle Bulk Shipping Inc. will post ($3.14) EPS for the current fiscal year.

Eagle Bulk Shipping Inc is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels.

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