Maxim Group restated their buy rating on shares of Euroseas Ltd. (NASDAQ:ESEA) in a research note released on Wednesday. The firm currently has a $3.00 price target on the shipping company’s stock, up from their previous price target of $2.50.

ESEA has been the subject of a number of other reports. ValuEngine lowered Euroseas from a sell rating to a strong sell rating in a research note on Friday, September 1st. Zacks Investment Research lowered Euroseas from a hold rating to a sell rating in a research note on Tuesday, May 30th.

Euroseas (NASDAQ ESEA) traded down 0.57% on Wednesday, hitting $1.74. The stock had a trading volume of 49,382 shares. Euroseas has a 52 week low of $1.04 and a 52 week high of $8.07. The firm has a 50-day moving average of $1.40 and a 200 day moving average of $1.36. The company’s market capitalization is $19.44 million.

Euroseas (NASDAQ:ESEA) last released its quarterly earnings data on Wednesday, August 9th. The shipping company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10). The business had revenue of $10.01 million during the quarter. Euroseas had a negative return on equity of 17.55% and a negative net margin of 77.39%. On average, analysts predict that Euroseas will post ($0.71) earnings per share for the current year.

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About Euroseas

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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