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.

Read More: What are popular green investing opportunities?

Receive News & Ratings for EuroDry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EuroDry and related companies with's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit