According to Zacks, “EUROSEAS LTD. was formed under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 136 years. Euroseas trades on the NASDAQ Global Select Market under the ticker ESEA. Euroseas operates in the dry cargo, drybulk and container shipping markets. Euroseas’ operations are managed by Eurobulk Ltd., an ISO 9001:2000 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroseas employs its vessels on spot and period charters and through pool arrangements. “
Euroseas (NASDAQ:ESEA) opened at 1.87 on Tuesday. Euroseas has a 52 week low of $1.40 and a 52 week high of $4.81. The stock’s market cap is $15.32 million. The stock has a 50 day moving average price of $1.97 and a 200 day moving average price of $2.07.
Euroseas (NASDAQ:ESEA) last issued its quarterly earnings data on Thursday, August 11th. The company reported ($0.51) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.40. Euroseas had a negative net margin of 79.44% and a negative return on equity of 11.20%. The company earned $7.30 million during the quarter, compared to analysts’ expectations of $9 million. On average, equities analysts predict that Euroseas will post ($1.54) earnings per share for the current year.
A hedge fund recently raised its stake in Euroseas stock. Renaissance Technologies LLC raised its stake in shares of Euroseas Ltd. (NASDAQ:ESEA) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,070 shares of the company’s stock after buying an additional 2,300 shares during the period. Renaissance Technologies LLC owned approximately 1.51% of Euroseas worth $231,000 as of its most recent SEC filing. 20.79% of the stock is owned by institutional investors.
Euroseas Ltd. is engaged in the shipping business. The Company is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company’s operations. The Company also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers.
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