EuroDry (NASDAQ:EDRY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

According to Zacks, “EuroDry Ltd. is an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes. EuroDry Ltd. is based in Marousi, Greece. “

EDRY has been the subject of a number of other research reports. Noble Financial restated a “buy” rating and issued a $13.50 target price on shares of EuroDry in a research note on Friday, March 1st. ValuEngine upgraded EuroDry from a “sell” rating to a “hold” rating in a research note on Friday, March 29th.

EDRY stock traded up $0.09 during midday trading on Monday, reaching $7.99. The stock had a trading volume of 7,500 shares, compared to its average volume of 13,180. The firm has a market capitalization of $18.22 million and a price-to-earnings ratio of 33.29. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.11 and a quick ratio of 1.07. EuroDry has a 52-week low of $4.89 and a 52-week high of $14.50.

EuroDry (NASDAQ:EDRY) last issued its earnings results on Tuesday, February 19th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.09. The firm had revenue of $6.90 million during the quarter, compared to analysts’ expectations of $6.84 million. As a group, equities research analysts expect that EuroDry will post -1.74 earnings per share for the current year.

About EuroDry

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks comprising bauxite, phosphate, and fertilizers. As of November 15, 2018, it operated a fleet of six vessels, including one Ultramax, two Kamsarmax, and three Panamax drybulk carriers with a cargo capacity of 453,086 deadweight tons.

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