Heidmar Maritime (NASDAQ:HMR) Stock Rating Upgraded by Zacks Research

Heidmar Maritime (NASDAQ:HMR – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday, Zacks reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Heidmar Maritime in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $2.62.

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Heidmar Maritime Stock Performance

Shares of NASDAQ HMR opened at $1.72 on Wednesday. Heidmar Maritime has a 52-week low of $0.73 and a 52-week high of $2.02. The stock has a market cap of $101.46 million, a P/E ratio of 86.04 and a beta of -0.49. The firm has a 50 day moving average price of $1.42 and a two-hundred day moving average price of $1.18.

Heidmar Maritime (NASDAQ:HMR – Get Free Report) last announced its earnings results on Tuesday, September 1st. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). The company had revenue of $29.00 million for the quarter. Heidmar Maritime had a return on equity of 21.68% and a net margin of 2.47%. Analysts predict that Heidmar Maritime will post 0.2 earnings per share for the current fiscal year.

About Heidmar Maritime

(Get Free Report)

Heidmar Maritime Holdings Corp. (NASDAQ: HMR) is a maritime transportation and commercial management company focused primarily on the global tanker sector. Through its operating businesses and affiliated tanker pools, the company provides commercial, operational and logistical services for vessel owners and charterers.

Heidmar’s activities include vessel commercial management, chartering, voyage planning, freight procurement and pool administration. Its platform has historically served segments such as crude oil, petroleum products and chemical tankers, helping customers coordinate vessel employment and cargo transportation in international markets.

Founded in 1984, Heidmar has developed a global operating presence through relationships with shipowners, charterers and energy companies.

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