Euroseas Ltd. (NASDAQ:ESEA)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.65 and traded as high as $0.63. Euroseas shares last traded at $0.62, with a volume of 654 shares trading hands.
Several brokerages have issued reports on ESEA. Zacks Investment Research lowered shares of Euroseas from a “buy” rating to a “sell” rating in a research report on Wednesday, August 21st. Noble Financial reiterated a “buy” rating and set a $1.30 target price on shares of Euroseas in a research report on Thursday, August 22nd. Finally, Maxim Group set a $1.00 target price on shares of Euroseas and gave the company a “buy” rating in a research report on Friday, August 9th.
The firm has a market capitalization of $7.78 million, a P/E ratio of -2.17 and a beta of 0.76. The company has a quick ratio of 0.41, a current ratio of 0.54 and a debt-to-equity ratio of 21.13. The firm’s 50-day simple moving average is $0.62 and its 200-day simple moving average is $0.65.
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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