Euroseas Ltd. (NASDAQ:ESEA) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: January 11, 2017
Zacks Investment Research has downgraded Euroseas Ltd. (NASDAQ:ESEA) to Hold in a statement released on 1/11/2017.
On Tuesday November 15, 2016, Zacks Investment Research released a statement for Euroseas Ltd. (NASDAQ:ESEA) bumped up the target price from $0.00 to $5.00 that suggested an upside of 0.15%.
Boasting a price of $1.68, Euroseas Ltd. (NASDAQ:ESEA) traded 2.44% higher on the day. With the last stock price close down -14.83% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.05% over the date range. Euroseas Ltd. has recorded a 50-day average of $2.02 and a two hundred day average of $1.97. Volume of trade was down over the average, with 865,081 shares of ESEA changing hands under the typical 1,562,730
With a total market value of $0, Euroseas Ltd. has with a one year low of $1.04 and a one year high of $8.07 .
Brief Synopsis About Euroseas Ltd. (NASDAQ:ESEA)
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. The Company has a fleet of 12 vessels, including Kamsarmax drybulk carrier, Panamax drybulk carriers and Handymax drybulk carrier, Intermediate containerships, Handysize containerships, and Feeder containerships. The Company's five drybulk carriers have a total cargo capacity of 351,272 deadweight tons (dwt), and its seven containerships have a cargo capacity of 11,828 twenty-foot equivalent units (teu).
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