Heidmar Maritime (NASDAQ:HMR) Shares Down 0.6% – Should You Sell?

Heidmar Maritime Holdings Corp. (NASDAQ:HMR)’s share price was down 0.6% during mid-day trading on Thursday . The stock traded as low as $0.9011 and last traded at $0.9340. Approximately 90,947 shares changed hands during trading, an increase of 166% from the average daily volume of 34,179 shares. The stock had previously closed at $0.9398.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Heidmar Maritime in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.00.

Heidmar Maritime Stock Performance

The stock’s fifty day simple moving average is $0.91 and its two-hundred day simple moving average is $1.15. The company has a market cap of $54.55 million and a price-to-earnings ratio of 93.40.

Heidmar Maritime Company Profile

Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes.

Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double‐hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels.