Eagle Bulk Shipping Inc. (EGLE) Sees Strong Trading Volume
Shares of Eagle Bulk Shipping Inc. (NASDAQ:EGLE) saw strong trading volume on Thursday . 104,354 shares were traded during trading, an increase of 35% from the previous session’s volume of 77,557 shares.The stock last traded at $6.74 and had previously closed at $6.87.
The firm’s 50 day moving average price is $8.05 and its 200-day moving average price is $12.95. The stock’s market capitalization is $14.38 million.
Eagle Bulk Shipping (NASDAQ:EGLE) last posted its quarterly earnings data on Monday, August 8th. The company reported ($9.98) earnings per share for the quarter. The business had revenue of $25.60 million for the quarter, compared to analyst estimates of $22.70 million. Equities research analysts predict that Eagle Bulk Shipping Inc. will post ($3.14) earnings per share for the current 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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