Heidmar Maritime (NASDAQ:HMR) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Heidmar Maritime (NASDAQ:HMR) from a hold rating to a strong sell rating in a research report released on Tuesday morning,Zacks reports.

HMR has been the subject of several other reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Heidmar Maritime in a research report on Thursday, August 13th. Maxim Group set a $2.25 price target on shares of Heidmar Maritime in a research report on Thursday, May 28th. One equities 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, Heidmar Maritime currently has an average rating of “Reduce” and an average price target of $2.62.

Heidmar Maritime Stock Performance

Shares of HMR stock opened at $1.35 on Tuesday. The firm has a market cap of $79.64 million, a P/E ratio of 67.53 and a beta of -0.35. The business’s 50 day moving average price is $1.22 and its 200-day moving average price is $1.09. Heidmar Maritime has a fifty-two week low of $0.73 and a fifty-two week high of $1.71.

Heidmar Maritime (NASDAQ:HMR) last announced its quarterly earnings results on Tuesday, September 1st. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The business had revenue of $29.00 million during the quarter. Heidmar Maritime had a return on equity of 23.07% and a net margin of 2.47%. As a group, equities analysts predict that Heidmar Maritime will post 0.2 EPS for the current year.

About Heidmar Maritime

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.