Euroseas Ltd. (ESEA) Trading 6.8% Higher
Euroseas Ltd. (NASDAQ:ESEA) traded up 6.8% on Wednesday . The company traded as high as $2.13 and last traded at $2.03, with a volume of 66,072 shares. The stock had previously closed at $1.90.
Separately, Zacks Investment Research downgraded shares of Euroseas from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd.
The firm has a 50 day moving average price of $1.96 and a 200-day moving average price of $2.11. The firm’s market capitalization is $17.05 million.
Euroseas (NASDAQ:ESEA) last released its quarterly earnings data on Tuesday, May 24th. The company reported ($0.38) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by $0.13. On average, analysts predict that Euroseas Ltd. will post ($0.87) EPS for the current year.
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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