Eagle Bulk Shipping Inc. (EGLE) Sees Unusually-High Trading Volume
Eagle Bulk Shipping Inc. (NASDAQ:EGLE) shares saw unusually-strong trading volume on Monday . Approximately 91,285 shares changed hands during trading, an increase of 13% from the previous session’s volume of 80,883 shares.The stock last traded at $6.07 and had previously closed at $5.70.
The stock has a 50-day moving average of $7.43 and a 200 day moving average of $12.03. The firm’s market cap is $118.65 million.
Eagle Bulk Shipping (NASDAQ:EGLE) last released its quarterly earnings data on Monday, August 8th. The company reported ($9.98) earnings per share (EPS) for the quarter. The business had revenue of $25.60 million for the quarter, compared to the consensus estimate of $22.70 million. On average, analysts anticipate that Eagle Bulk Shipping Inc. will post ($3.14) earnings per share for the current fiscal year.
In other Eagle Bulk Shipping news, insider Goldentree Asset Management Lp acquired 713,910 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was bought at an average cost of $3.00 per share, for a total transaction of $2,141,730.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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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