Heidmar Maritime (NASDAQ:HMR) Rating Lowered to “Strong Sell” at Zacks Research

Heidmar Maritime (NASDAQ:HMR) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, B. Riley Financial decreased their price objective on Heidmar Maritime from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $3.00.

Heidmar Maritime Price Performance

Shares of Heidmar Maritime stock opened at $0.82 on Wednesday. Heidmar Maritime has a fifty-two week low of $0.76 and a fifty-two week high of $3.78. The firm has a fifty day moving average price of $0.93 and a two-hundred day moving average price of $1.07. The company has a market cap of $47.60 million and a PE ratio of -2.09.

Heidmar Maritime (NASDAQ:HMR) last posted its quarterly earnings data on Tuesday, March 24th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.12). Heidmar Maritime had a negative return on equity of 19.19% and a negative net margin of 40.20%.The company had revenue of $25.08 million for the quarter, compared to the consensus estimate of $16.27 million.

Heidmar Maritime Company Profile

Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes.

Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double‐hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels.