Euroseas Ltd. (NASDAQ:ESEA) rose 6.8% on Wednesday . The stock traded as high as $2.13 and last traded at $2.03, with a volume of 66,072 shares changing hands. The stock had previously closed at $1.90.

Separately, Zacks Investment Research raised shares of Euroseas from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a research note on Tuesday, June 21st.

The company has a 50 day moving average of $1.97 and a 200-day moving average of $2.11. The firm’s market capitalization is $18.86 million.

Euroseas (NASDAQ:ESEA) last announced its quarterly earnings results on Tuesday, May 24th. The company reported ($0.38) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by $0.13. On average, analysts anticipate 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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