Heidmar Maritime (NASDAQ:HMR) Posts Earnings Results, Meets Estimates

Heidmar Maritime (NASDAQ:HMR) released its quarterly earnings data on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03, Zacks reports.

Heidmar Maritime Trading Down 0.8%

HMR stock traded down $0.01 during trading on Friday, hitting $1.30. 141,971 shares of the company traded hands, compared to its average volume of 54,290. The firm has a market capitalization of $75.61 million and a P/E ratio of -65.00. Heidmar Maritime has a 1 year low of $1.09 and a 1 year high of $10.04. The stock’s 50-day moving average is $1.28.

Wall Street Analysts Forecast Growth

HMR has been the subject of a number of research analyst reports. B. Riley began coverage on Heidmar Maritime in a research note on Tuesday, July 15th. They set a “buy” rating and a $5.00 price target for the company. Weiss Ratings reissued a “sell (e)” rating on shares of Heidmar Maritime in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Heidmar Maritime presently has an average rating of “Hold” and a consensus price target of $5.00.

Heidmar Maritime Company Profile

Heidmar Maritime Holdings Corp. provides commercial and pool management services to the dry bulk, crude oil, and refined petroleum product tanker markets worldwide. It offers tanker pool and commercial management, dry bulk pool and commercial management, and fuel services. The company also operates a platform to invest in tanker or drybulk vessels offering a range of customized services for the investor, as well as engages in the sale and purchase of second-hand vessels and newbuilds in the tanker and drybulk sectors.