ValuEngine downgraded shares of Euroseas Ltd. (NASDAQ:ESEA) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday.

Other equities research analysts also recently issued reports about the stock. Maxim Group set a $3.00 target price on shares of Euroseas and gave the company a buy rating in a report on Monday, November 13th. Zacks Investment Research upgraded shares of Euroseas from a sell rating to a hold rating in a research note on Wednesday, July 19th.

Shares of Euroseas (ESEA) opened at $1.98 on Tuesday. Euroseas has a twelve month low of $1.13 and a twelve month high of $3.82. The company has a quick ratio of 0.70, a current ratio of 0.78 and a debt-to-equity ratio of 1.01.

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A hedge fund recently bought a new stake in Euroseas stock. WealthTrust Axiom LLC bought a new position in shares of Euroseas Ltd. (NASDAQ:ESEA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 66,700 shares of the shipping company’s stock, valued at approximately $111,000. WealthTrust Axiom LLC owned approximately 0.60% of Euroseas at the end of the most recent quarter. 2.25% of the stock is owned by institutional investors and hedge funds.

Euroseas Company Profile

Euroseas Ltd. is engaged in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company’s operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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