Equities research analysts at StockNews.com initiated coverage on shares of Euroseas (NASDAQ:ESEA - Get Free Report) in a report released on Friday. The brokerage set a "buy" rating on the shipping company's stock.
Euroseas Stock Down 2.2 %
Shares of NASDAQ:ESEA opened at $32.50 on Friday. The stock has a market cap of $227.70 million, a P/E ratio of 2.00 and a beta of 0.72. The firm has a fifty day moving average price of $33.47 and a 200 day moving average price of $38.69. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.65 and a quick ratio of 1.59. Euroseas has a 1-year low of $30.21 and a 1-year high of $50.92.
Hedge Funds Weigh In On Euroseas
Large investors have recently bought and sold shares of the company. Barclays PLC raised its position in Euroseas by 67.5% during the 3rd quarter. Barclays PLC now owns 623 shares of the shipping company's stock worth $30,000 after buying an additional 251 shares during the last quarter. Bank of America Corp DE raised its position in Euroseas by 1,611.0% during the 4th quarter. Bank of America Corp DE now owns 1,865 shares of the shipping company's stock worth $68,000 after buying an additional 1,756 shares during the last quarter. Retireful LLC purchased a new position in Euroseas during the 4th quarter worth $222,000. Geode Capital Management LLC purchased a new position in Euroseas during the 3rd quarter worth $248,000. Finally, Mariner LLC purchased a new position in Euroseas during the 4th quarter worth $306,000. 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Euroseas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Euroseas wasn't on the list.
While Euroseas currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
