Zacks: Euroseas Ltd. (ESEA) Receives Average Recommendation of “Strong Buy” from Analysts
Shares of Euroseas Ltd. (NASDAQ:ESEA) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation. Euroseas’ rating score has improved by 50% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a 1-year consensus price target of $3.00 for the company, according to Zacks. Zacks has also given Euroseas an industry rank of 233 out of 265 based on the ratings given to its competitors.
Several brokerages recently commented on ESEA. ValuEngine cut Euroseas from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Maxim Group set a $3.00 target price on Euroseas and gave the company a “buy” rating in a report on Monday. Finally, Zacks Investment Research cut Euroseas from a “hold” rating to a “sell” rating in a report on Friday, September 22nd.
Shares of Euroseas (ESEA) traded down $0.05 during mid-day trading on Friday, reaching $1.90. The company had a trading volume of 41,600 shares, compared to its average volume of 195,555. Euroseas has a 1-year low of $1.13 and a 1-year high of $3.82. The company has a current ratio of 1.02, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01.
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An institutional investor recently bought a new position in Euroseas stock. WealthTrust Axiom LLC bought a new stake in Euroseas Ltd. (NASDAQ:ESEA) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 66,700 shares of the shipping company’s stock, valued at approximately $111,000. WealthTrust Axiom LLC owned about 0.60% of Euroseas at the end of the most recent reporting period. 2.26% of the stock is currently owned by institutional investors.
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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