Euroseas (ESEA) Reaches New 12-Month Low at $1.00

Euroseas Ltd. (NASDAQ:ESEA)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $1.00 and last traded at $1.06, with a volume of 17158 shares. The stock had previously closed at $1.18.

A number of equities analysts recently commented on ESEA shares. Maxim Group reaffirmed a “buy” rating and set a $3.00 price target on shares of Euroseas in a research report on Monday, August 13th. Noble Financial started coverage on shares of Euroseas in a research report on Friday, September 21st. They set an “outperform” rating on the stock.

The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 5.09. The firm has a market cap of $13.87 million, a P/E ratio of -2.97 and a beta of 0.49.

Euroseas (NASDAQ:ESEA) last released its earnings results on Thursday, November 15th. The shipping company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.14). Euroseas had a net margin of 3.76% and a negative return on equity of 6.82%. The firm had revenue of $8.35 million during the quarter, compared to the consensus estimate of $8.32 million. As a group, equities analysts anticipate that Euroseas Ltd. will post 0.06 EPS for the current year.

An institutional investor recently raised its position in Euroseas stock. Renaissance Technologies LLC raised its position in Euroseas Ltd. (NASDAQ:ESEA) by 98.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,395 shares of the shipping company’s stock after buying an additional 43,800 shares during the quarter. Renaissance Technologies LLC owned about 0.78% of Euroseas worth $155,000 at the end of the most recent quarter. 2.38% of the stock is owned by institutional investors.

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Euroseas Company Profile (NASDAQ:ESEA)

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; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers.

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