Maxim Group set a $1.00 target price on Euroseas (NASDAQ:ESEA) in a report published on Friday morning, TipRanks reports. The firm currently has a buy rating on the shipping company’s stock.
Several other equities analysts have also commented on ESEA. Zacks Investment Research upgraded Euroseas from a sell rating to a buy rating and set a $0.75 target price for the company in a research note on Tuesday, July 30th. Noble Financial reiterated a buy rating and issued a $1.30 target price on shares of Euroseas in a research note on Thursday, May 30th.
Shares of Euroseas stock traded down $0.01 during trading on Friday, reaching $0.54. The company’s stock had a trading volume of 18,500 shares, compared to its average volume of 84,872. Euroseas has a 12-month low of $0.52 and a 12-month high of $3.87. The firm has a market capitalization of $6.54 million, a P/E ratio of -1.86 and a beta of 0.83. The business’s 50 day simple moving average is $0.61. The company has a quick ratio of 0.83, a current ratio of 0.97 and a debt-to-equity ratio of 9.44.
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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