Eagle Bulk Shipping Inc. (NASDAQ:EGLE) fell 7.5% during trading on Monday . The stock traded as low as $8.20 and last traded at $8.50, with a volume of 1,137,556 shares trading hands. The stock had previously closed at $9.19.

The company’s 50-day moving average price is $7.30 and its 200-day moving average price is $11.67. The stock’s market capitalization is $163.59 million.

Eagle Bulk Shipping (NASDAQ:EGLE) last issued its quarterly earnings results on Monday, August 8th. The company reported ($9.98) earnings per share for the quarter. The business earned $25.60 million during the quarter, compared to the consensus estimate of $22.70 million. Analysts predict that Eagle Bulk Shipping Inc. will post ($3.14) earnings per share for the current fiscal year.

In other Eagle Bulk Shipping news, insider Goldentree Asset Management Lp acquired 713,910 shares of the stock in a transaction dated Wednesday, August 10th. The stock was acquired at an average cost of $3.00 per share, with a total value of $2,141,730.00. The transaction was disclosed in a filing with the SEC, which is accessible 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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