Seanergy Maritime (NASDAQ:SHIP) Releases Quarterly Earnings Results, Hits Estimates

Seanergy Maritime (NASDAQ:SHIP) issued its earnings results on Thursday. The shipping company reported ($0.31) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.31), MarketWatch Earnings reports. The firm had revenue of $13.34 million for the quarter, compared to analyst estimates of $16.47 million. Seanergy Maritime had a negative return on equity of 41.71% and a negative net margin of 13.60%.

Seanergy Maritime stock opened at $0.17 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.08 and a current ratio of 0.09. Seanergy Maritime has a 12 month low of $0.12 and a 12 month high of $0.90. The stock’s 50 day simple moving average is $0.16 and its two-hundred day simple moving average is $0.28.

A number of equities research analysts recently commented on SHIP shares. ValuEngine upgraded Seanergy Maritime from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Zacks Investment Research lowered Seanergy Maritime from a “hold” rating to a “strong sell” rating in a research report on Tuesday.

About Seanergy Maritime

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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Earnings History for Seanergy Maritime (NASDAQ:SHIP)

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