Shares of Euroseas Ltd. (NASDAQ:ESEA) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price target of $2.18 for the company, according to Zacks. Zacks has also given Euroseas an industry rank of 160 out of 255 based on the ratings given to its competitors.

Several research analysts recently commented on ESEA shares. Zacks Investment Research downgraded shares of Euroseas from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 21st. Noble Financial set a $2.00 price target on shares of Euroseas and gave the stock a “buy” rating in a research note on Monday, November 19th. Finally, ValuEngine raised shares of Euroseas from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th.

Euroseas stock opened at $0.67 on Friday. The stock has a market capitalization of $7.50 million, a PE ratio of -2.29 and a beta of 0.65. The company has a debt-to-equity ratio of 8.30, a current ratio of 1.03 and a quick ratio of 0.89. Euroseas has a 12-month low of $0.53 and a 12-month high of $3.87.

Euroseas (NASDAQ:ESEA) last posted its quarterly earnings results on Wednesday, February 20th. The shipping company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.08). The company had revenue of $8.43 million during the quarter, compared to analysts’ expectations of $8.75 million. Euroseas had a negative return on equity of 31.79% and a negative net margin of 1.29%. Research analysts forecast that Euroseas will post 0.2 EPS for the current year.

About Euroseas

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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