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.
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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