Heidmar Maritime (NASDAQ:HMR) Stock Moved Up to “Hold” by Zacks Research

Zacks Research upgraded shares of Heidmar Maritime (NASDAQ:HMR – Free Report) from a strong sell rating to a hold rating in a report published on Wednesday,Zacks reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Heidmar Maritime in a research note 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. According to data from MarketBeat, Heidmar Maritime presently has a consensus rating of “Hold” and an average price target of $2.62.

Read Our Latest Stock Analysis on HMR

Heidmar Maritime Trading Up 3.0%

HMR stock opened at $1.72 on Wednesday. The company has a market cap of $101.46 million, a price-to-earnings ratio of 86.04 and a beta of -0.49. The firm has a 50-day moving average of $1.42 and a two-hundred day moving average of $1.18. Heidmar Maritime has a 12 month low of $0.73 and a 12 month high of $2.02.

Heidmar Maritime (NASDAQ:HMR – Get Free Report) last posted 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). Heidmar Maritime had a net margin of 2.47% and a return on equity of 21.68%. The company had revenue of $29.00 million during the quarter. As a group, equities analysts forecast that Heidmar Maritime will post 0.2 earnings per share for the current year.

About Heidmar Maritime

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Heidmar Maritime Holdings Corp. (NASDAQ: HMR) is a maritime transportation and commercial management company focused primarily on the global tanker sector. Through its operating businesses and affiliated tanker pools, the company provides commercial, operational and logistical services for vessel owners and charterers.

Heidmar’s activities include vessel commercial management, chartering, voyage planning, freight procurement and pool administration. Its platform has historically served segments such as crude oil, petroleum products and chemical tankers, helping customers coordinate vessel employment and cargo transportation in international markets.

Founded in 1984, Heidmar has developed a global operating presence through relationships with shipowners, charterers and energy companies.

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