Castor Maritime (NASDAQ:CTRM – Get Free Report) announced its earnings results on Monday. The company reported $0.31 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $25.57 million during the quarter. Castor Maritime had a net margin of 103.17% and a return on equity of 3.34%.
Castor Maritime Trading Up 2.9%
Shares of NASDAQ CTRM opened at $2.49 on Tuesday. The company has a current ratio of 6.88, a quick ratio of 6.88 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $24.06 million, a PE ratio of 1.78 and a beta of 1.22. The business has a 50-day moving average price of $2.19 and a two-hundred day moving average price of $2.08. Castor Maritime has a one year low of $1.66 and a one year high of $2.66.
Institutional Investors Weigh In On Castor Maritime
An institutional investor recently bought a new stake in Castor Maritime stock. NewEdge Advisors LLC bought a new position in shares of Castor Maritime Inc. (NASDAQ:CTRM – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 21,912 shares of the company’s stock, valued at approximately $46,000. NewEdge Advisors LLC owned 0.23% of Castor Maritime as of its most recent SEC filing. Institutional investors own 1.08% of the company’s stock.
Analyst Ratings Changes
About Castor Maritime
Castor Maritime Inc is a global shipping company that specializes in the acquisition and operation of dry bulk carriers. The company’s fleet, comprising primarily Supramax, Ultramax and Handysize vessels, is deployed on short-, medium- and long-term time and voyage charters. Castor Maritime focuses on the seaborne transportation of dry bulk commodities such as coal, grain, iron ore, fertilizers and other industrial raw materials.
Headquartered in Athens, Greece, with a commercial office in New York, Castor Maritime serves customers across Asia, Europe and the Americas.
Featured Stories
- Five stocks we like better than Castor Maritime
- Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings
- Institutional Money Is Pouring Into These 2 Altcoin ETFs
- The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares
- 3 Dividend Kings to Buy While They’re Still Beaten Down
Receive News & Ratings for Castor Maritime Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Castor Maritime and related companies with MarketBeat.com's FREE daily email newsletter.
