Euroseas Ltd. has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Brokerages have set a one year consensus price target of $2.10 for the company, according to Zacks. Zacks has also assigned Euroseas an industry rank of 99 out of 265 based on the ratings given to related companies.
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Separately, Zacks Investment Research upgraded shares of Euroseas from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a report on Friday, February 24th.
A hedge fund recently raised its stake in Euroseas stock. Renaissance Technologies LLC increased its stake in Euroseas Ltd. (NASDAQ:ESEA) by 28.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,670 shares of the shipping company’s stock after buying an additional 43,800 shares during the period. Renaissance Technologies LLC owned approximately 2.42% of Euroseas worth $336,000 at the end of the most recent quarter. Institutional investors and hedge funds own 13.42% of the company’s stock.
Shares of Euroseas (NASDAQ:ESEA) traded down 1.56% on Thursday, hitting $1.26. 33,173 shares of the company were exchanged. The firm’s 50-day moving average is $1.35 and its 200-day moving average is $1.66. Euroseas has a 52-week low of $1.04 and a 52-week high of $8.07. The stock’s market capitalization is $14.08 million.
Euroseas (NASDAQ:ESEA) last issued its quarterly earnings data on Friday, May 12th. The shipping company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.15) by $0.14. Euroseas had a negative return on equity of 14.35% and a negative net margin of 100.89%. The company had revenue of $8.29 million during the quarter. Equities research analysts predict that Euroseas will post ($0.48) earnings per share for the current year.
Source: Zacks