Star Bulk Carriers Corp. (NASDAQ:SBLK) shares dropped 2.3% during mid-day trading on Tuesday . The stock traded as low as $4.08 and last traded at $4.20, with a volume of 52,981 shares trading hands. The stock had previously closed at $4.30.

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

The company’s market cap is $179.78 million. The company has a 50 day moving average price of $4.10 and a 200 day moving average price of $3.86.

Star Bulk Carriers Corp. (NASDAQ:SBLK) last posted its quarterly earnings data on Wednesday, June 29th. The company reported ($0.87) EPS for the quarter, topping analysts’ consensus estimates of ($1.04) by $0.17. The firm earned $46.30 million during the quarter. Analysts expect 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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