Equities researchers at StockNews.com initiated coverage on shares of Euroseas (NASDAQ:ESEA – Get Free Report) in a report issued on Saturday. The brokerage set a “buy” rating on the shipping company’s stock.
Euroseas Stock Down 1.5 %
Shares of ESEA opened at $30.76 on Friday. Euroseas has a 52 week low of $28.36 and a 52 week high of $50.92. The firm has a market cap of $215.50 million, a P/E ratio of 1.90 and a beta of 0.72. The firm’s 50-day simple moving average is $32.90 and its 200 day simple moving average is $38.08. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.59 and a current ratio of 1.65.
Hedge Funds Weigh In On Euroseas
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its position in shares of Euroseas by 67.5% during the third quarter. Barclays PLC now owns 623 shares of the shipping company’s stock worth $30,000 after buying an additional 251 shares during the period. Bank of America Corp DE lifted its position in shares of Euroseas by 1,611.0% during the fourth quarter. Bank of America Corp DE now owns 1,865 shares of the shipping company’s stock valued at $68,000 after purchasing an additional 1,756 shares in the last quarter. Retireful LLC purchased a new position in Euroseas during the fourth quarter worth about $222,000. Geode Capital Management LLC purchased a new position in Euroseas during the third quarter worth about $248,000. Finally, Exchange Traded Concepts LLC purchased a new position in Euroseas during the fourth quarter worth about $306,000. Institutional investors own 6.27% of the company’s stock.
About Euroseas
Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of March 31, 2024, it had a fleet of 20 containerships with a cargo carrying capacity of approximately 777,749 dwt.
Featured Articles
- Five stocks we like better than Euroseas
- Why Invest in High-Yield Dividend Stocks?
- FedEx Delivers Another Crushing Blow to Its Stock Price
- 5 Top Rated Dividend Stocks to Consider
- Analysts Stay Bullish on Rocket Lab as Signs of a Bottom Emerge
- Where Do I Find 52-Week Highs and Lows?
- Micron Stock Will Retest All-Time Highs This Year
Receive News & Ratings for Euroseas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euroseas and related companies with MarketBeat.com's FREE daily email newsletter.
