Star Bulk Carriers Corp. (NASDAQ:SBLK)’s share price dropped 2.3% on Tuesday . The company traded as low as $4.08 and last traded at $4.20, with a volume of 52,981 shares changing hands. The stock had previously closed at $4.30.

SBLK has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $0.75 price objective for the company in a research report on Friday, May 13th. JPMorgan Chase & Co. raised shares of Star Bulk Carriers Corp. from a “neutral” rating to an “overweight” rating and set a $6.50 price objective for the company in a research report on Tuesday, July 19th. Finally, Seaport Global Securities reissued a “neutral” rating and issued a $4.00 price objective on shares of Star Bulk Carriers Corp. in a research report on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Star Bulk Carriers Corp. currently has an average rating of “Hold” and a consensus price target of $3.42.

The company’s market cap is $184.61 million. The company has a 50-day moving average of $4.07 and a 200 day moving average of $3.84.

Star Bulk Carriers Corp. (NASDAQ:SBLK) last released its earnings results on Wednesday, June 29th. The company reported ($0.87) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.04) by $0.17. The company earned $46.30 million during the quarter. Equities analysts forecast that Star Bulk Carriers Corp. will post ($2.94) EPS for the current fiscal year.

Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. The Company’s segment is operating dry bulk vessels. The Company will have a fleet of approximately 76 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels, with a carrying capacity between 45,588 dwt and 209,537 deadweight tonnage (dwt).

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