Eagle Bulk Shipping Inc. (EGLE) Shares Down 7.5%
Shares of Eagle Bulk Shipping Inc. (NASDAQ:EGLE) fell 7.5% during mid-day 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 changing hands. The stock had previously closed at $9.19.
The company’s market capitalization is $138.02 million. The stock’s 50 day moving average is $7.36 and its 200 day moving average is $11.69.
Eagle Bulk Shipping (NASDAQ:EGLE) last posted its quarterly earnings results 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 analysts’ expectations of $22.70 million. Analysts anticipate 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 purchased 713,910 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were purchased at an average price of $3.00 per share, for a total transaction of $2,141,730.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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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