Somewhat Favorable Press Coverage Extremely Likely to Impact Euroseas (ESEA) Stock Price
Media headlines about Euroseas (NASDAQ:ESEA) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Euroseas earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned headlines about the shipping company an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an impact on the stock’s share price in the next several days.
A number of analysts recently commented on ESEA shares. Zacks Investment Research lowered Euroseas from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. ValuEngine lowered Euroseas from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd.
Shares of Euroseas (NASDAQ ESEA) opened at 1.32 on Friday. The firm has a 50-day moving average price of $1.28 and a 200-day moving average price of $1.50. Euroseas has a 52 week low of $1.04 and a 52 week high of $8.07. The firm’s market capitalization is $14.75 million.
Euroseas (NASDAQ:ESEA) last issued its quarterly earnings results on Friday, May 12th. The shipping company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.14. Euroseas had a negative net margin of 144.43% and a negative return on equity of 20.36%. The business had revenue of $8.29 million for the quarter. On average, equities analysts expect that Euroseas will post ($0.48) earnings per share for the current fiscal year.
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Euroseas Company Profile
Euroseas Ltd. is engaged in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company’s operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers.
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