Euroseas (NASDAQ:ESEA) Sees Unusually-High Trading Volume
Euroseas Ltd. (NASDAQ:ESEA) shares saw strong trading volume on Wednesday . 1,073,114 shares changed hands during trading, an increase of 1,928% from the previous session’s volume of 52,911 shares.The stock last traded at $3.35 and had previously closed at $2.98.
Several analysts recently commented on the stock. ValuEngine upgraded shares of Euroseas from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. Maxim Group restated a “buy” rating and set a $8.00 price target on shares of Euroseas in a research report on Wednesday, November 20th. Finally, Zacks Investment Research lowered shares of Euroseas from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th.
The company has a market cap of $4.58 million, a price-to-earnings ratio of -1.61 and a beta of 0.71. The company has a quick ratio of 0.38, a current ratio of 0.49 and a debt-to-equity ratio of 3.26. The company’s 50-day moving average is $3.67 and its 200 day moving average is $1.50.
About Euroseas (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.
Read More: Are sell-side analysts objective?
Receive News & Ratings for Euroseas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euroseas and related companies with MarketBeat.com's FREE daily email newsletter.