Eagle Bulk Shipping Inc. (NASDAQ:EGLE) shares hit a new 52-week low during trading on Friday . The stock traded as low as $5.67 and last traded at $5.92, with a volume of 67,092 shares trading hands. The stock had previously closed at $6.38.

The company’s market capitalization is $13.30 million. The company’s 50-day moving average is $8.05 and its 200 day moving average is $12.95.

Eagle Bulk Shipping (NASDAQ:EGLE) last announced its earnings results on Monday, August 8th. The company reported ($9.98) earnings per share (EPS) for the quarter. The company earned $25.60 million during the quarter, compared to analyst estimates of $22.70 million. Equities analysts predict that Eagle Bulk Shipping Inc. will post ($3.14) EPS for the current fiscal year.

Eagle Bulk Shipping Inc is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels.

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