Castor Maritime (NASDAQ:CTRM) Trading 0.6% Higher – Here’s What Happened

Castor Maritime Inc. (NASDAQ:CTRM)’s share price traded up 0.6% during trading on Wednesday . The company traded as high as $2.42 and last traded at $2.4250. 31,460 shares traded hands during trading, a decline of 66% from the average session volume of 91,662 shares. The stock had previously closed at $2.41.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Castor Maritime in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Castor Maritime Trading Up 0.6%

The company has a current ratio of 5.61, a quick ratio of 5.61 and a debt-to-equity ratio of 0.03. The firm has a market cap of $23.43 million, a price-to-earnings ratio of -0.78 and a beta of 0.62. The company has a fifty day moving average price of $2.08 and a 200-day moving average price of $2.15.

Institutional Investors Weigh In On Castor Maritime

An institutional investor recently raised its position in Castor Maritime stock. Goldman Sachs Group Inc. lifted its position in Castor Maritime Inc. (NASDAQ:CTRM) by 20.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,600 shares of the company’s stock after purchasing an additional 4,586 shares during the period. Goldman Sachs Group Inc. owned about 0.28% of Castor Maritime worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 1.08% of the stock is currently owned by institutional investors.

Castor Maritime Company Profile

Castor Maritime Inc is a global shipping company that specializes in the acquisition and operation of dry bulk carriers. The company’s fleet, comprising primarily Supramax, Ultramax and Handysize vessels, is deployed on short-, medium- and long-term time and voyage charters. Castor Maritime focuses on the seaborne transportation of dry bulk commodities such as coal, grain, iron ore, fertilizers and other industrial raw materials.

Headquartered in Athens, Greece, with a commercial office in New York, Castor Maritime serves customers across Asia, Europe and the Americas.