Eagle Bulk Shipping Inc. (NASDAQ:EGLE)’s share price rose 3.3% during trading on Friday . The company traded as high as $7.40 and last traded at $7.30, with a volume of 131,213 shares. The stock had previously closed at $7.07.

The company has a 50-day moving average price of $7.35 and a 200-day moving average price of $11.60. The stock’s market capitalization is $137.27 million.

Eagle Bulk Shipping (NASDAQ:EGLE) last announced its quarterly earnings results on Monday, August 8th. The company reported ($9.98) earnings per share (EPS) for the quarter. The company had revenue of $25.60 million for the quarter, compared to analysts’ expectations of $22.70 million. Equities analysts predict that Eagle Bulk Shipping Inc. will post ($3.14) earnings per share for the current year.

In other news, insider Goldentree Asset Management Lp purchased 713,910 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were purchased 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 Securities & Exchange Commission, 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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