EuroDry (NASDAQ:EDRY) Given a $9.00 Price Target at Maxim Group

Maxim Group set a $9.00 price target on EuroDry (NASDAQ:EDRY) in a report published on Friday, TipRanks reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also commented on EDRY. Zacks Investment Research lowered shares of EuroDry from a buy rating to a hold rating in a research note on Friday. ValuEngine raised shares of EuroDry from a sell rating to a hold rating in a research note on Tuesday, July 2nd. Finally, Noble Financial reaffirmed a buy rating on shares of EuroDry in a research note on Monday, July 29th.

EDRY stock traded up $0.51 during mid-day trading on Friday, reaching $7.61. 2,500 shares of the stock traded hands, compared to its average volume of 7,597. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.55 and a current ratio of 1.60. EuroDry has a 52-week low of $6.15 and a 52-week high of $14.50. The stock has a market capitalization of $17.07 million, a P/E ratio of 31.71 and a beta of -0.95. The stock has a fifty day moving average of $7.77.

EuroDry (NASDAQ:EDRY) last posted its quarterly earnings data on Thursday, May 23rd. The company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.48. EuroDry had a net margin of 4.08% and a return on equity of 3.13%. The company had revenue of $5.79 million during the quarter, compared to analyst estimates of $5.92 million. Research analysts forecast that EuroDry will post -1.75 earnings per share for the current year.

About EuroDry

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks comprising bauxite, phosphate, and fertilizers. As of November 15, 2018, it operated a fleet of six vessels, including one Ultramax, two Kamsarmax, and three Panamax drybulk carriers with a cargo capacity of 453,086 deadweight tons.

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