Equities research analysts at StockNews.com began coverage on shares of Euroseas (NASDAQ:ESEA - Get Free Report) in a report released on Saturday. The firm set a "buy" rating on the shipping company's stock.
Euroseas Price Performance
Shares of NASDAQ ESEA traded up $0.51 during trading on Friday, reaching $31.66. The company had a trading volume of 14,652 shares, compared to its average volume of 38,246. The company has a current ratio of 1.65, a quick ratio of 1.59 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $221.81 million, a PE ratio of 1.95 and a beta of 0.72. Euroseas has a twelve month low of $28.36 and a twelve month high of $50.92. The stock has a 50-day moving average price of $32.84 and a two-hundred day moving average price of $37.93.
Institutional Investors Weigh In On Euroseas
Hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its holdings in Euroseas by 389.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 53,840 shares of the shipping company's stock valued at $1,949,000 after buying an additional 42,830 shares during the period. Millennium Management LLC boosted its position in shares of Euroseas by 661.4% in the fourth quarter. Millennium Management LLC now owns 40,931 shares of the shipping company's stock worth $1,482,000 after acquiring an additional 35,555 shares during the last quarter. Novem Group acquired a new position in Euroseas during the fourth quarter worth approximately $847,000. Marshall Wace LLP raised its stake in Euroseas by 71.5% during the fourth quarter. Marshall Wace LLP now owns 40,703 shares of the shipping company's stock worth $1,473,000 after purchasing an additional 16,969 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Euroseas by 17.0% in the 4th quarter. Renaissance Technologies LLC now owns 115,078 shares of the shipping company's stock valued at $4,166,000 after purchasing an additional 16,700 shares during the last quarter. Hedge funds and other institutional investors own 6.27% of the company's stock.
About Euroseas
(
Get Free Report)
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. As of March 31, 2024, it had a fleet of 20 containerships with a cargo carrying capacity of approximately 777,749 dwt.
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