A number of other research firms also recently commented on EDRY. Maxim Group set a $9.00 price objective on EuroDry and gave the company a buy rating in a report on Friday, August 9th. Zacks Investment Research upgraded EuroDry from a hold rating to a buy rating and set a $8.25 price objective on the stock in a report on Tuesday, August 20th. Finally, Noble Financial reiterated a buy rating and issued a $13.50 price objective on shares of EuroDry in a report on Thursday, September 26th.
EDRY stock opened at $8.13 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.83. The firm has a market capitalization of $17.65 million, a P/E ratio of 33.88 and a beta of -0.91. The business’s 50-day moving average is $7.81 and its two-hundred day moving average is $7.72. EuroDry has a 1 year low of $6.51 and a 1 year high of $13.40.
EuroDry (NASDAQ:EDRY) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.20). EuroDry had a net margin of 4.08% and a return on equity of 3.16%. The business had revenue of $6.19 million during the quarter, compared to analysts’ expectations of $6.49 million. On average, analysts expect that EuroDry will post -1.53 EPS for the current year.
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks comprising bauxite, phosphate, and fertilizers. As of November 15, 2018, it operated a fleet of six vessels, including one Ultramax, two Kamsarmax, and three Panamax drybulk carriers with a cargo capacity of 453,086 deadweight tons.
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