Eagle Bulk Shipping Inc. (EGLE) Shares Gap Up to $7.07
Eagle Bulk Shipping Inc. (NASDAQ:EGLE) gapped up before the market opened on Friday . The stock had previously closed at $6.94, but opened at $7.07. Eagle Bulk Shipping shares last traded at $10.30, with a volume of 3,323,394 shares traded.
The stock has a 50 day moving average of $7.24 and a 200 day moving average of $11.69. The company’s market capitalization is $172.81 million.
Eagle Bulk Shipping (NASDAQ:EGLE) last issued its earnings results on Monday, August 8th. The company reported ($9.98) earnings per share for the quarter. The company earned $25.60 million during the quarter, compared to the consensus estimate of $22.70 million. 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 acquired 713,910 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was acquired at an average price of $3.00 per share, for a total transaction of $2,141,730.00. The acquisition was disclosed in a document filed with the SEC, which is accessible 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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