Eagle Bulk Shipping Inc. (NASDAQ:EGLE)’s share price dropped 4.6% on Tuesday . The company traded as low as $6.01 and last traded at $6.02, with a volume of 66,718 shares traded. The stock had previously closed at $6.31.

The firm has a 50-day moving average price of $7.31 and a 200-day moving average price of $11.78. The company’s market cap is $113.20 million.

Eagle Bulk Shipping (NASDAQ:EGLE) last issued its 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 analyst estimates of $22.70 million. On average, equities research analysts forecast that Eagle Bulk Shipping Inc. will post ($3.14) EPS for the current fiscal year.

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