Euroseas (NASDAQ:ESEA) Sees Large Volume Increase
Shares of Euroseas Ltd. (NASDAQ:ESEA) saw unusually-high trading volume on Wednesday . Approximately 721,616 shares traded hands during trading, an increase of 735% from the previous session’s volume of 86,427 shares.The stock last traded at $0.76 and had previously closed at $0.74.
ESEA has been the topic of several recent analyst reports. Noble Financial reissued a “buy” rating and set a $1.30 target price on shares of Euroseas in a research report on Thursday, August 22nd. Zacks Investment Research cut shares of Euroseas from a “buy” rating to a “sell” rating in a report on Wednesday, August 21st. Finally, Maxim Group set a $1.00 price target on shares of Euroseas and gave the stock a “buy” rating in a report on Friday, August 9th.
The company has a current ratio of 0.54, a quick ratio of 0.41 and a debt-to-equity ratio of 21.13. The company has a market cap of $9.51 million, a P/E ratio of -2.62 and a beta of 0.77. The business’s fifty day moving average is $0.67 and its 200 day moving average is $0.66.
Euroseas Company Profile (NASDAQ:ESEA)
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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