Eagle Bulk Shipping Inc. (EGLE) Reaches New 12-Month Low at $5.67
Eagle Bulk Shipping Inc. (NASDAQ:EGLE) reached a new 52-week low during trading on Friday . The company traded as low as $5.67 and last traded at $5.92, with a volume of 67,092 shares traded. The stock had previously closed at $6.38.
The company has a 50 day moving average price of $7.91 and a 200-day moving average price of $12.79. The company’s market capitalization is $13.32 million.
Eagle Bulk Shipping (NASDAQ:EGLE) last released its quarterly earnings data on Monday, August 8th. The company reported ($9.98) earnings per share (EPS) for the quarter. The business had revenue of $25.60 million for the quarter, compared to the consensus estimate of $22.70 million. On average, analysts expect that Eagle Bulk Shipping Inc. will post ($3.14) earnings per share for the current year.
In related news, insider Goldentree Asset Management Lp acquired 713,910 shares of the stock in a transaction on Wednesday, August 10th. The stock was bought at an average cost of $3.00 per share, with a total value of $2,141,730.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
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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