Zacks: Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Given Consensus Rating of “Strong Buy” by Analysts

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus target price of $1.30 for the company and are forecasting that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Seanergy Maritime an industry rank of 151 out of 255 based on the ratings given to related companies.

SHIP has been the subject of a number of recent research reports. Maxim Group reissued a “buy” rating and issued a $1.00 price objective on shares of Seanergy Maritime in a report on Sunday, February 9th. Noble Financial reissued a “buy” rating and issued a $1.14 price objective on shares of Seanergy Maritime in a report on Sunday, February 16th. Finally, Zacks Investment Research downgraded shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.

An institutional investor recently bought a new position in Seanergy Maritime stock. Virtu Financial LLC purchased a new position in shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 56,736 shares of the shipping company’s stock, valued at approximately $27,000. Virtu Financial LLC owned 0.21% of Seanergy Maritime at the end of the most recent quarter. Hedge funds and other institutional investors own 2.35% of the company’s stock.

NASDAQ SHIP traded down $0.01 during trading on Monday, reaching $0.17. The company’s stock had a trading volume of 880,798 shares, compared to its average volume of 529,583. The company has a current ratio of 0.09, a quick ratio of 0.08 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $3.76 million, a price-to-earnings ratio of -0.04 and a beta of 1.12. Seanergy Maritime has a 12 month low of $0.13 and a 12 month high of $7.36. The firm has a 50 day moving average price of $0.27 and a 200 day moving average price of $0.46.

Seanergy Maritime (NASDAQ:SHIP) last posted its quarterly earnings data on Thursday, February 13th. The shipping company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.05. The firm had revenue of $27.77 million during the quarter. Seanergy Maritime had a negative net margin of 13.52% and a negative return on equity of 49.02%. On average, equities analysts forecast that Seanergy Maritime will post 0.8 EPS for the current fiscal year.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of April 4, 2019, it owned a fleet of 10 Capesizes with a cargo-carrying capacity of approximately 1,748,581 deadweight tons and an average fleet age of 10 years.

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