Euroseas Ltd. (NASDAQ:ESEA) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.64 and traded as high as $0.60. Euroseas shares last traded at $0.60, with a volume of 100 shares.
ESEA has been the topic of a number of research reports. Noble Financial reissued a “buy” rating and issued a $1.30 price objective on shares of Euroseas in a report on Thursday, May 30th. Maxim Group reissued a “buy” rating on shares of Euroseas in a report on Thursday, May 23rd. Finally, Zacks Investment Research raised shares of Euroseas from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 14th.
The company has a debt-to-equity ratio of 9.44, a quick ratio of 0.83 and a current ratio of 0.97. The stock has a market capitalization of $7.71 million, a price-to-earnings ratio of -2.12 and a beta of 0.84. The business’s fifty day moving average is $0.64.
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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