Castor Maritime (NASDAQ:CTRM – Get Free Report) posted its earnings results on Tuesday. The company reported $0.21 EPS for the quarter, Zacks reports. Castor Maritime had a net margin of 23.55% and a return on equity of 2.68%.
Castor Maritime Stock Up 6.1%
CTRM traded up $0.12 during midday trading on Tuesday, reaching $2.02. 86,562 shares of the company were exchanged, compared to its average volume of 45,953. The company has a market cap of $19.47 million, a price-to-earnings ratio of -1.22 and a beta of 1.21. Castor Maritime has a one year low of $1.66 and a one year high of $2.65. The company’s fifty day moving average price is $1.90 and its 200 day moving average price is $2.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.41 and a current ratio of 6.44.
Institutional Investors Weigh In On Castor Maritime
Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in Castor Maritime in the fourth quarter valued at approximately $37,000. Virtu Financial LLC bought a new stake in shares of Castor Maritime in the fourth quarter valued at $25,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Castor Maritime by 20.8% in the first quarter. Goldman Sachs Group Inc. now owns 26,600 shares of the company’s stock valued at $61,000 after buying an additional 4,586 shares during the period. 1.08% of the stock is owned by hedge funds and other institutional investors.
About Castor Maritime
Castor Maritime Inc is a global shipping company that specializes in the acquisition and operation of dry bulk carriers. The company’s fleet, comprising primarily Supramax, Ultramax and Handysize vessels, is deployed on short-, medium- and long-term time and voyage charters. Castor Maritime focuses on the seaborne transportation of dry bulk commodities such as coal, grain, iron ore, fertilizers and other industrial raw materials.
Headquartered in Athens, Greece, with a commercial office in New York, Castor Maritime serves customers across Asia, Europe and the Americas.
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