Euroseas (ESEA) Shares Gap Up to $1.55
Euroseas Ltd. (NASDAQ:ESEA) gapped up before the market opened on Tuesday . The stock had previously closed at $1.50, but opened at $1.55. Euroseas shares last traded at $1.77, with a volume of 2349764 shares changing hands.
ESEA has been the subject of several analyst reports. Noble Financial initiated coverage on shares of Euroseas in a research report on Friday, September 21st. They set an “outperform” rating for the company. Maxim Group reissued a “buy” rating and set a $3.00 price target on shares of Euroseas in a research report on Monday, August 13th.
The stock has a market cap of $18.49 million, a price-to-earnings ratio of -4.66 and a beta of 0.49. The company has a debt-to-equity ratio of 5.09, a quick ratio of 0.49 and a current ratio of 0.53.
An institutional investor recently raised its position in Euroseas stock. Renaissance Technologies LLC increased its stake in Euroseas Ltd. (NASDAQ:ESEA) by 98.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,395 shares of the shipping company’s stock after purchasing an additional 43,800 shares during the quarter. Renaissance Technologies LLC owned 0.78% of Euroseas worth $155,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.98% of the company’s stock.
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Euroseas Company Profile (NASDAQ:ESEA)
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; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers.
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