Eagle Bulk Shipping Inc. (EGLE) Shares Down 10.5%
Shares of Eagle Bulk Shipping Inc. (NASDAQ:EGLE) were down 10.5% during trading on Tuesday . The company 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 company has a 50 day moving average price of $8.15 and a 200 day moving average price of $13.00. The company’s market cap is $14.69 million.
Eagle Bulk Shipping (NASDAQ:EGLE) last released its earnings results on Monday, August 8th. The company reported ($9.98) earnings per share (EPS) for the quarter. The company earned $25.60 million during the quarter, compared to analysts’ expectations of $22.70 million. Analysts expect 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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