Heidmar Maritime (NASDAQ:HMR) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Heidmar Maritime (NASDAQ:HMR) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Heidmar Maritime from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. B. Riley Financial lowered their price objective on shares of Heidmar Maritime from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.00.

Heidmar Maritime Stock Performance

HMR opened at $1.57 on Monday. The firm has a 50 day moving average price of $0.91 and a 200 day moving average price of $0.97. The company has a market cap of $92.61 million, a PE ratio of -4.03 and a beta of -1.34. Heidmar Maritime has a 1 year low of $0.73 and a 1 year high of $2.30.

About Heidmar Maritime

Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes.

Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double‐hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels.