Shares of Euroseas Ltd. (NASDAQ:ESEA) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus target price of $3.00 for the company, according to Zacks. Zacks has also assigned Euroseas an industry rank of 213 out of 255 based on the ratings given to related companies.

ESEA has been the subject of a number of research analyst reports. ValuEngine raised Euroseas from a “sell” rating to a “hold” rating in a research note on Thursday, May 3rd. Maxim Group reissued a “buy” rating and set a $3.00 price target on shares of Euroseas in a research note on Tuesday, May 8th.

A hedge fund recently raised its stake in Euroseas stock. Renaissance Technologies LLC increased its holdings in shares of Euroseas Ltd. (NASDAQ:ESEA) by 98.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 88,395 shares of the shipping company’s stock after acquiring an additional 43,800 shares during the period. Renaissance Technologies LLC owned about 0.78% of Euroseas worth $155,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 3.20% of the company’s stock.

Shares of ESEA stock traded down $0.01 on Monday, reaching $1.57. 25,371 shares of the company’s stock were exchanged, compared to its average volume of 17,015. Euroseas has a 52 week low of $1.39 and a 52 week high of $2.73. The company has a debt-to-equity ratio of 5.09, a current ratio of 0.53 and a quick ratio of 0.49.

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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