Euroseas Ltd. (NASDAQ:ESEA) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Zacks has also assigned Euroseas an industry rank of 166 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded Euroseas from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Tuesday, November 15th.

Shares of Euroseas (NASDAQ:ESEA) opened at 1.63 on Tuesday. Euroseas has a 1-year low of $1.04 and a 1-year high of $8.07. The company has a 50-day moving average price of $1.73 and a 200 day moving average price of $1.92. The company’s market capitalization is $13.36 million.

A hedge fund recently raised its stake in Euroseas stock. Renaissance Technologies LLC increased its position in shares of Euroseas Ltd. (NASDAQ:ESEA) by 28.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,670 shares of the company’s stock after buying an additional 43,800 shares during the period. Renaissance Technologies LLC owned 2.42% of Euroseas worth $336,000 at the end of the most recent reporting period. Institutional investors own 13.42% of the company’s stock.

“Euroseas Ltd. (ESEA) Receives Average Rating of “Hold” from Analysts” was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this story on another domain, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at http://www.dailypolitical.com/2017/02/16/euroseas-ltd-esea-receives-average-rating-of-hold-from-analysts.html.

About Euroseas

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.

5 Day Chart for NASDAQ:ESEA

Get a free copy of the Zacks research report on Euroseas (ESEA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Euroseas Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euroseas Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.