Shares of EuroDry Ltd (NASDAQ:EDRY) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus price objective of $12.25 for the company and are anticipating that the company will post ($0.45) earnings per share for the current quarter, according to Zacks. Zacks has also given EuroDry an industry rank of 101 out of 256 based on the ratings given to its competitors.

Several equities analysts recently issued reports on EDRY shares. Maxim Group reiterated a “buy” rating and issued a $11.00 target price on shares of EuroDry in a research note on Thursday, May 23rd. ValuEngine upgraded shares of EuroDry from a “sell” rating to a “hold” rating in a research note on Monday, June 3rd. Noble Financial reiterated a “buy” rating and issued a $13.50 target price on shares of EuroDry in a research note on Friday, March 1st. Finally, Zacks Investment Research upgraded shares of EuroDry from a “sell” rating to a “hold” rating in a research note on Monday, April 15th.

Shares of EDRY stock traded down $0.42 during trading hours on Wednesday, hitting $6.76. The company’s stock had a trading volume of 1,500 shares, compared to its average volume of 9,558. The company has a market capitalization of $16.37 million and a P/E ratio of 28.17. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.60 and a quick ratio of 1.55. EuroDry has a 12-month low of $6.08 and a 12-month high of $14.50.

EuroDry (NASDAQ:EDRY) last posted its earnings results on Thursday, May 23rd. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.48. EuroDry had a net margin of 12.94% and a return on equity of 5.86%. The firm had revenue of $5.79 million during the quarter, compared to analysts’ expectations of $5.92 million. As a group, sell-side analysts forecast that EuroDry will post -1.75 earnings per share for the current year.

About EuroDry

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks comprising bauxite, phosphate, and fertilizers. As of November 15, 2018, it operated a fleet of six vessels, including one Ultramax, two Kamsarmax, and three Panamax drybulk carriers with a cargo capacity of 453,086 deadweight tons.

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