According to the data provided by TheStreetRatingsTable, a research note that was published on Thursday included stock research analysts from TheStreet who revised their rating on Euroseas (NASDAQ: ESEA), moving it from “c+” to “b-.” “c+” was the previous rating for this item.
Recent remarks by research analysts employed by other companies have included their perspectives on the company in question. Maxim Group recommended a “buy” rating for the stock in a research note published on Thursday, October 6. At the same time, the firm lowered its price objective for Europe from $54.00 to $44.00. A recommendation to “buy” the stock was included in the report. In a research report that was made public on November 17, it was stated that Univest Securities would lower its target price for Europe from $50.00 to $30.00. StockNews.com changed its rating on European shares from “hold” to “buy” in a research report published on Wednesday. This move was made to reflect the bullish outlook that the company has regarding the stock.
On Thursday, trading of Euroseas stock began for $19.95. The trading day was Thursday. The company’s market capitalization is currently at $142.22 million, and its beta value is 0.63. Its price-to-earnings ratio is 1.33, which is quite high. During the previous 52 weeks, the price of a euro ranged anywhere from $18.25 to $35.47, with a price of $35.47 serving the average. The company’s moving averages for the past fifty days are currently sitting at $19.83, and the moving averages for the past two hundred days are currently sitting at $22.65. A debt-to-equity ratio comes in at 0.49, a quick ratio comes in at 0.58, a current ratio comes in at 0.62, and a quick ratio comes in at 0.58.
On November 14, Europe’s most recent earnings report was released to the public. Euroseas shares are traded on the NASDAQ under the ticker symbol ESEA. The shipping company reported earnings per share for the quarter of $2.90, which was lower than the consensus forecast among analysts, which was reported to be $3.47. The analysts had predicted earnings per share of $3.47. The company’s most recent quarter brought in $47.74 million in revenue, which is lower than the forecasted amount of $48.37 million derived from the opinions of most industry experts. The return on investment (ROI) for Europe came in at 85.11%, and the company’s net margin was 60.98%. During the current fiscal year, Euroseas is expected to generate earnings of 15.43 cents per share, according to the projections of equity research analysts.
During the most recent period, institutional investors and hedge funds were active buyers and sellers of company stock shares. Individual shares were purchased and sold by these buyers and sellers. In the first three months of 2018, L & S Advisors Inc. invested approximately 348 thousand dollars in increasing the number of its holdings in Europe. Cambridge Investment Research Advisors, Inc. acquired a new position in Europe during the year’s first three months. This new position was worth approximately 274,000 dollars. The UBS Group AG acquired an additional 375.3% stake in Eurosea during the first three months of the current year. UBS Group AG now has 8,232 shares of the shipping company’s stock, worth a combined total of $238,000 after purchasing an additional 6,500 shares during the most recent quarter. This brings the total number of shares that the company owns to 8,232. A new European investment received approximately 308,000 dollars’ worth of capital from Goldman Sachs Group, Inc. during the first three months of the current year. This brings us to our final and most important point: Walleye Trading LLC shelled out approximately 220,000 dollars during the first quarter to increase its stock holdings in Europe. At present, institutional investors and investors from hedge funds hold a collective stake equal to 6.75 percent of the company’s outstanding shares.
Euroseas Ltd. is a company that provides services related to oceangoing transportation to customers in every region of the world. The company is the owner and operator of containerships, which are vessels utilized for the transportation of dry and chilled containers packed with manufactured goods and perishable goods. As of May 3, 2022, it operated a fleet of 18 vessels consisting of 10 feeders and eight intermediate containerships with a total cargo capacity of approximately 58,871 twenty-foot equivalent units (teu).
Read More: TheStreet has raised its rating on Euroseas (NASDAQ:ESEA).