Euroseas Ltd. (NASDAQ:ESEA) shares traded up 9.1% during trading on Friday . The company traded as high as $2.76 and last traded at $2.53, with a volume of 322,422 shares changing hands. The stock had previously closed at $2.32.

Separately, Zacks Investment Research downgraded shares of Euroseas from a “buy” rating to a “hold” rating in a report on Monday, May 2nd.

The firm’s market capitalization is $20.24 million. The company’s 50-day moving average price is $2.05 and its 200 day moving average price is $2.10.

Euroseas (NASDAQ:ESEA) last posted its earnings results on Tuesday, May 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.13. On average, analysts expect that Euroseas Ltd. will post ($0.87) earnings per share 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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