Eagle Bulk Shipping Inc. (EGLE) Stock Price Up 3.3%
Eagle Bulk Shipping Inc. (NASDAQ:EGLE) shares rose 3.3% during trading on Friday . The stock traded as high as $7.40 and last traded at $7.30, with a volume of 131,213 shares. The stock had previously closed at $7.07.
The stock’s market cap is $137.27 million. The company has a 50-day moving average of $7.35 and a 200-day moving average of $11.60.
Eagle Bulk Shipping (NASDAQ:EGLE) last posted its quarterly earnings data on Monday, August 8th. The company reported ($9.98) EPS for the quarter. The business earned $25.60 million during the quarter, compared to the consensus estimate of $22.70 million. Analysts predict that Eagle Bulk Shipping Inc. will post ($3.14) earnings per share for the current fiscal year.
In other news, insider Goldentree Asset Management Lp acquired 713,910 shares of the business’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 purchase was disclosed in a legal 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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