Heidmar Maritime (NASDAQ:HMR) Stock Rating Lowered by Zacks Research

Heidmar Maritime (NASDAQ:HMR) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, B. Riley Financial cut their target price on Heidmar Maritime from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Heidmar Maritime presently has a consensus rating of “Reduce” and an average price target of $3.00.

Heidmar Maritime Stock Down 0.2%

Shares of HMR opened at $0.82 on Wednesday. The stock’s 50-day moving average price is $0.93 and its 200 day moving average price is $1.07. The firm has a market capitalization of $47.60 million and a price-to-earnings ratio of -2.09. Heidmar Maritime has a 12-month low of $0.76 and a 12-month high of $3.78.

Heidmar Maritime (NASDAQ:HMR) last announced its quarterly earnings data on Tuesday, March 24th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). Heidmar Maritime had a negative return on equity of 19.19% and a negative net margin of 40.20%.The firm had revenue of $25.08 million during the quarter, compared to the consensus estimate of $16.27 million.

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.