Shares of Euroseas Ltd. (NASDAQ:ESEA) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price target of $3.00 for the company, according to Zacks. Zacks has also assigned Euroseas an industry rank of 216 out of 255 based on the ratings given to its competitors.

Separately, Maxim Group reissued a “buy” rating and set a $3.00 target price on shares of Euroseas in a research report on Tuesday, May 8th.

Shares of Euroseas stock traded down $0.01 on Tuesday, hitting $1.63. The stock had a trading volume of 12,347 shares, compared to its average volume of 16,751. Euroseas has a twelve month low of $1.41 and a twelve month high of $2.73. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 5.09.

Euroseas (NASDAQ:ESEA) last released its quarterly earnings data on Friday, August 10th. The shipping company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $15.87 million during the quarter. Euroseas had a negative return on equity of 4.37% and a negative net margin of 6.44%.

An institutional investor recently raised its position in Euroseas stock. Renaissance Technologies LLC raised its position in shares of Euroseas Ltd. (NASDAQ:ESEA) by 98.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 88,395 shares of the shipping company’s stock after purchasing an additional 43,800 shares during the quarter. Renaissance Technologies LLC owned approximately 0.78% of Euroseas worth $155,000 at the end of the most recent quarter. 2.27% of the stock is owned by institutional investors.

Euroseas Company Profile

Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers.

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