Euroseas Ltd. (NASDAQ:ESEA) received a $3.00 target price from equities research analysts at Maxim Group in a research note issued on Monday. The firm currently has a “buy” rating on the shipping company’s stock. Maxim Group’s price objective would indicate a potential upside of 51.52% from the stock’s current price.

A number of other equities analysts also recently issued reports on ESEA. ValuEngine downgraded Euroseas from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded Euroseas from a “hold” rating to a “sell” rating in a research report on Friday, September 22nd.

Euroseas (ESEA) opened at $1.98 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. Euroseas has a 12-month low of $1.13 and a 12-month high of $3.82.

WARNING: This story was first posted by Daily Political and is the property of of Daily Political. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/11/20/euroseas-esea-buy-rating-reiterated-at-maxim-group.html.

A hedge fund recently bought a new stake in Euroseas stock. WealthTrust Axiom LLC bought a new stake in Euroseas Ltd. (NASDAQ:ESEA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 66,700 shares of the shipping company’s stock, valued at approximately $111,000. WealthTrust Axiom LLC owned 0.60% of Euroseas at the end of the most recent reporting period. Institutional investors own 2.26% of the company’s stock.

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.

Receive News & Ratings for Euroseas Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euroseas Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.