Eagle Bulk Shipping Inc. (EGLE) Trading Up 2.3%
Shares of Eagle Bulk Shipping Inc. (NASDAQ:EGLE) were up 2.3% during mid-day trading on Wednesday . The company traded as high as $5.92 and last traded at $5.69, with a volume of 64,759 shares changing hands. The stock had previously closed at $5.56.
The stock’s 50 day moving average price is $7.62 and its 200 day moving average price is $12.22. The firm’s market capitalization is $106.99 million.
Eagle Bulk Shipping (NASDAQ:EGLE) last announced its quarterly earnings results on Monday, August 8th. The company reported ($9.98) earnings per share (EPS) for the quarter. The firm earned $25.60 million during the quarter, compared to analysts’ expectations of $22.70 million. Analysts forecast that Eagle Bulk Shipping Inc. will post ($3.14) earnings per share for the current year.
In other news, insider Goldentree Asset Management Lp acquired 713,910 shares of Eagle Bulk Shipping stock in a transaction that occurred on Wednesday, August 10th. The stock was bought at an average price of $3.00 per share, for a total transaction of $2,141,730.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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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