Euroseas Ltd. (ESEA) Trading Down 1.9%
Shares of Euroseas Ltd. (NASDAQ:ESEA) traded down 1.9% during trading on Tuesday . The stock traded as low as $2.07 and last traded at $2.10, with a volume of 97,748 shares traded. The stock had previously closed at $2.14.
Separately, Zacks Investment Research lowered shares of Euroseas from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th.
The company’s market cap is $16.39 million. The company has a 50 day moving average of $1.99 and a 200 day moving average of $2.07.
Euroseas (NASDAQ:ESEA) last issued its quarterly earnings data on Thursday, August 11th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.40. The company had revenue of $7.30 million for the quarter, compared to analysts’ expectations of $9 million. Euroseas had a negative net margin of 79.44% and a negative return on equity of 11.20%. On average, equities research analysts forecast that Euroseas Ltd. will post ($1.54) EPS for the current year.
A hedge fund recently raised its stake in Euroseas stock. Renaissance Technologies LLC raised its position in Euroseas Ltd. (NASDAQ:ESEA) by 1.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 124,070 shares of the company’s stock after buying an additional 2,300 shares during the period. Renaissance Technologies LLC owned approximately 1.51% of Euroseas worth $231,000 as of its most recent filing with the SEC. Institutional investors own 20.79% of the company’s stock.
Euroseas Ltd. is engaged in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company’s operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers.
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