Euroseas Ltd. (NASDAQ:ESEA) rose 6.6% during trading on Monday . The company traded as high as $2.27 and last traded at $2.04. Approximately 962,080 shares were traded during mid-day trading, an increase of 906% from the average daily volume of 95,670 shares. The stock had previously closed at $1.91.

ESEA has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Euroseas from a “hold” rating to a “sell” rating in a research report on Friday, September 22nd. ValuEngine downgraded Euroseas from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, Maxim Group reiterated a “buy” rating and issued a $3.00 target price (up from $2.50) on shares of Euroseas in a research report on Wednesday, September 13th.

The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.70 and a current ratio of 0.78.

Euroseas (NASDAQ:ESEA) last issued its quarterly earnings data on Wednesday, August 9th. The shipping company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.10). Euroseas had a negative return on equity of 17.55% and a negative net margin of 77.39%. The company had revenue of $10.01 million for the quarter. equities analysts expect that Euroseas Ltd. will post -0.65 EPS for the current fiscal year.

An institutional investor recently bought a new position in Euroseas stock. WealthTrust Axiom LLC bought a new stake in shares of Euroseas Ltd. (NASDAQ:ESEA) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 66,700 shares of the shipping company’s stock, valued at approximately $111,000. WealthTrust Axiom LLC owned about 0.60% of Euroseas as of its most recent filing with the Securities & Exchange Commission. 1.65% of the stock is currently owned by institutional investors and hedge funds.

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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.

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