Eagle Bulk Shipping Inc. (NASDAQ:EGLE) rose 2.3% on Wednesday . The company traded as high as $6.38 and last traded at $6.16, with a volume of 57,904 shares. The stock had previously closed at $6.02.

The firm has a 50 day moving average price of $7.24 and a 200-day moving average price of $11.74. The firm’s market cap is $115.83 million.

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

In other Eagle Bulk Shipping news, insider Goldentree Asset Management Lp acquired 713,910 shares of Eagle Bulk Shipping stock in a transaction that occurred on Wednesday, August 10th. The shares were acquired at an average cost of $3.00 per share, with a total value of $2,141,730.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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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