Heidmar Maritime (NASDAQ:HMR) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Heidmar Maritime Holdings Corp. (NASDAQ:HMR)’s stock price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $1.21 and traded as low as $1.20. Heidmar Maritime shares last traded at $1.20, with a volume of 67,277 shares.

Analysts Set New Price Targets

Several brokerages have commented on HMR. Zacks Research upgraded shares of Heidmar Maritime from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 30th. Weiss Ratings restated a “sell (e+)” rating on shares of Heidmar Maritime in a research report on Thursday, August 13th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Heidmar Maritime currently has an average rating of “Hold” and an average target price of $2.62.

Heidmar Maritime Stock Down 9.8%

The firm’s 50-day moving average price is $1.62 and its two-hundred day moving average price is $1.21. The firm has a market capitalization of $70.79 million, a PE ratio of 60.03 and a beta of -0.31.

Heidmar Maritime (NASDAQ:HMR) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06). The firm had revenue of $29.00 million during the quarter. Heidmar Maritime had a net margin of 2.47% and a return on equity of 21.68%. Equities research analysts forecast that Heidmar Maritime Holdings Corp. will post 0.20 EPS for the current year.

Heidmar Maritime Company Profile

Heidmar Maritime Holdings Corp. is a maritime transportation and commercial management company focused primarily on the tanker shipping sector. Through its operating businesses and vessel pools, the company coordinates the employment of tankers that transport crude oil, refined petroleum products and other liquid bulk commodities. Heidmar’s services include commercial management, chartering, voyage planning, operations coordination and customer relationship management. Its pool-based model combines vessels from multiple owners and seeks to improve scheduling, cargo matching and utilization across global shipping routes.