Euroseas Ltd. (NASDAQ:ESEA - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $40.68 and traded as high as $40.89. Euroseas shares last traded at $39.92, with a volume of 57,891 shares.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on ESEA shares. StockNews.com downgraded shares of Euroseas from a "buy" rating to a "hold" rating in a research note on Tuesday. Alliance Global Partners began coverage on shares of Euroseas in a research report on Monday, September 9th. They issued a "buy" rating and a $60.00 price target on the stock.
View Our Latest Research Report on Euroseas
Euroseas Trading Up 0.5 %
The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.41 and a current ratio of 1.46. The stock has a market cap of $281.31 million, a P/E ratio of 2.46 and a beta of 0.88. The company has a 50-day simple moving average of $43.74 and a 200-day simple moving average of $40.68.
Institutional Investors Weigh In On Euroseas
Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in shares of Euroseas by 3.0% in the second quarter. Renaissance Technologies LLC now owns 97,478 shares of the shipping company's stock worth $3,403,000 after acquiring an additional 2,877 shares during the last quarter. Acadian Asset Management LLC raised its position in Euroseas by 2.2% in the 2nd quarter. Acadian Asset Management LLC now owns 73,365 shares of the shipping company's stock worth $2,559,000 after purchasing an additional 1,602 shares during the last quarter. Inspire Investing LLC acquired a new position in Euroseas during the 3rd quarter worth $913,000. Janney Montgomery Scott LLC lifted its holdings in Euroseas by 18.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,053 shares of the shipping company's stock worth $611,000 after buying an additional 2,693 shares in the last quarter. Finally, BayBridge Capital Group LLC boosted its position in Euroseas by 8.7% in the 3rd quarter. BayBridge Capital Group LLC now owns 13,244 shares of the shipping company's stock valued at $647,000 after buying an additional 1,057 shares during the last quarter. 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.
Further Reading
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