Eagle Bulk Shipping Inc. (EGLE) Shares Gap Up to $7.07
Shares of Eagle Bulk Shipping Inc. (NASDAQ:EGLE) gapped up before the market opened on Friday . The stock had previously closed at $6.94, but opened at $7.07. Eagle Bulk Shipping shares last traded at $10.30, with a volume of 3,323,394 shares trading hands.
The firm’s market capitalization is $172.81 million. The stock’s 50 day moving average is $7.30 and its 200 day moving average is $11.67.
Eagle Bulk Shipping (NASDAQ:EGLE) last issued 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. Equities analysts expect that Eagle Bulk Shipping Inc. will post ($3.14) earnings per share for the current year.
In other Eagle Bulk Shipping news, insider Goldentree Asset Management Lp acquired 713,910 shares of the stock in a transaction on Wednesday, August 10th. The shares were 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 document filed with the SEC, which is accessible through this hyperlink.
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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