Euroseas Ltd. (ESEA) Rating Lowered to Strong Sell at ValuEngine

ValuEngine lowered shares of Euroseas Ltd. (NASDAQ:ESEA) from a sell rating to a strong sell rating in a research report report published on Tuesday, August 1st.

Separately, Zacks Investment Research upgraded Euroseas from a sell rating to a hold rating in a report on Wednesday, July 19th.

Euroseas (NASDAQ ESEA) remained flat at $1.29 during mid-day trading on Tuesday. The stock had a trading volume of 31,609 shares. The stock has a 50 day moving average price of $1.32 and a 200 day moving average price of $1.38. Euroseas has a 52-week low of $1.04 and a 52-week high of $8.07. The stock’s market cap is $14.41 million.

Euroseas (NASDAQ:ESEA) last issued its quarterly earnings data on Wednesday, August 9th. The shipping company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.10. Euroseas had a negative net margin of 77.39% and a negative return on equity of 17.55%. The business had revenue of $10.01 million for the quarter. Equities research analysts forecast that Euroseas will post ($0.48) EPS for the current year.

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A hedge fund recently raised its stake in Euroseas stock. Renaissance Technologies LLC boosted its position in Euroseas Ltd. (NASDAQ:ESEA) by 28.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 198,670 shares of the shipping company’s stock after buying an additional 43,800 shares during the period. Renaissance Technologies LLC owned 2.42% of Euroseas worth $336,000 as of its most recent filing with the SEC. 2.82% of the stock is currently owned by institutional investors.

About Euroseas

Euroseas Ltd. is engaged in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company’s operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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