Seanergy Maritime (NASDAQ:SHIP) Shares Cross Above Two Hundred Day Moving Average of $1.56
Shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.56 and traded as high as $0.60. Seanergy Maritime shares last traded at $0.60, with a volume of 23,058 shares changing hands.
A number of brokerages have recently commented on SHIP. ValuEngine cut Seanergy Maritime from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Maxim Group reaffirmed a “buy” rating and set a $4.00 price objective (down previously from $10.00) on shares of Seanergy Maritime in a research report on Wednesday, May 22nd. Zacks Investment Research cut Seanergy Maritime from a “buy” rating to a “sell” rating in a research note on Tuesday, August 20th. Finally, Noble Financial set a $2.00 target price on Seanergy Maritime and gave the stock a “buy” rating in a report on Wednesday, August 7th.
The firm has a 50-day moving average of $0.58 and a 200-day moving average of $1.56. The company has a debt-to-equity ratio of 5.76, a quick ratio of 0.21 and a current ratio of 0.27. The firm has a market capitalization of $15.40 million, a P/E ratio of -0.11 and a beta of 0.78.
A number of institutional investors have recently made changes to their positions in SHIP. Morgan Stanley purchased a new stake in Seanergy Maritime in the second quarter worth about $27,000. Anson Funds Management LP bought a new position in shares of Seanergy Maritime in the second quarter worth about $163,000. Finally, Verition Fund Management LLC bought a new position in shares of Seanergy Maritime in the second quarter worth about $261,000. 12.33% of the stock is currently owned by institutional investors.
Seanergy Maritime Company Profile (NASDAQ:SHIP)
Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of April 4, 2019, it owned a fleet of 10 Capesizes with a cargo-carrying capacity of approximately 1,748,581 deadweight tons and an average fleet age of 10 years.
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