Eagle Bulk Shipping Inc. (NASDAQ:EGLE)’s share price dropped 2.7% during trading on Monday . The stock traded as low as $5.68 and last traded at $5.75, with a volume of 66,834 shares changing hands. The stock had previously closed at $5.91.

The firm’s market capitalization is $11.95 million. The company’s 50-day moving average is $7.80 and its 200-day moving average is $12.42.

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

In other news, insider Goldentree Asset Management Lp purchased 713,910 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was bought at an average cost of $3.00 per share, with a total value of $2,141,730.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

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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