EuroDry Ltd (NASDAQ:EDRY)’s stock price rose 11.1% on Thursday . The company traded as high as $4.38 and last traded at $4.22. Approximately 137,174 shares changed hands during mid-day trading, an increase of 376% from the average daily volume of 28,819 shares. The stock had previously closed at $3.80.
A number of analysts have recently issued reports on the company. Zacks Investment Research lowered EuroDry from a “hold” rating to a “strong sell” rating in a research report on Monday, August 17th. Noble Financial reissued a “buy” rating and set a $10.00 price objective on shares of EuroDry in a report on Tuesday, August 11th. Finally, Maxim Group reissued a “buy” rating and issued a $7.50 target price on shares of EuroDry in a research report on Friday, August 7th.
The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 1.36. The company has a market cap of $9.73 million, a price-to-earnings ratio of -1.30 and a beta of -0.22. The firm has a 50-day moving average price of $3.78 and a 200 day moving average price of $4.08.
About EuroDry (NASDAQ:EDRY)
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks comprising bauxite, phosphate, and fertilizers. As of November 15, 2018, it operated a fleet of six vessels, including one Ultramax, two Kamsarmax, and three Panamax drybulk carriers with a cargo capacity of 453,086 deadweight tons.
Featured Story: Are all No-Load Funds Equal?
Receive News & Ratings for EuroDry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EuroDry and related companies with MarketBeat.com's FREE daily email newsletter.