Castor Maritime (NASDAQ:CTRM) Announces Earnings Results

Castor Maritime (NASDAQ:CTRM) announced its quarterly earnings data on Monday. The company reported $0.31 EPS for the quarter, FiscalAI reports. The firm had revenue of $25.57 million for the quarter. Castor Maritime had a return on equity of 3.34% and a net margin of 103.17%.

Castor Maritime Stock Up 2.9%

Shares of CTRM traded up $0.07 on Monday, hitting $2.49. The company’s stock had a trading volume of 54,840 shares, compared to its average volume of 55,624. The firm’s fifty day moving average price is $2.19 and its 200-day moving average price is $2.08. Castor Maritime has a fifty-two week low of $1.66 and a fifty-two week high of $2.66. The company has a quick ratio of 6.88, a current ratio of 6.88 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $24.05 million, a price-to-earnings ratio of 1.78 and a beta of 1.22.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Castor Maritime in a research note on Friday, September 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Castor Maritime has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Castor Maritime stock. Renaissance Technologies LLC grew its stake in Castor Maritime Inc. (NASDAQ:CTRM) by 82.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,869 shares of the company’s stock after buying an additional 33,300 shares during the quarter. Renaissance Technologies LLC owned 0.76% of Castor Maritime worth $137,000 at the end of the most recent reporting period. 1.08% of the stock is owned by institutional investors.

About Castor Maritime

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.