United Maritime (NASDAQ:USEA) Rating Lowered to “Hold” at Wall Street Zen

United Maritime (NASDAQ:USEA – Get Free Report) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings lowered shares of United Maritime from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Check Out Our Latest Report on United Maritime

United Maritime Price Performance

Shares of USEA opened at $2.37 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.94 and a current ratio of 0.96. The stock has a 50 day simple moving average of $2.72 and a 200 day simple moving average of $2.41. United Maritime has a 52-week low of $1.42 and a 52-week high of $3.20. The firm has a market capitalization of $22.61 million, a PE ratio of -11.85 and a beta of 0.83.

Institutional Trading of United Maritime

An institutional investor recently bought a new position in United Maritime stock. NewEdge Advisors LLC purchased a new stake in United Maritime Corporation (NASDAQ:USEA – Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,332 shares of the company’s stock, valued at approximately $53,000. NewEdge Advisors LLC owned approximately 0.28% of United Maritime at the end of the most recent reporting period. Institutional investors own 1.63% of the company’s stock.

United Maritime Company Profile

(Get Free Report)

United Maritime Corporation (NASDAQ: USEA) is a global shipping company engaged in the ownership and operation of oceangoing vessels. The company primarily provides seaborne transportation services for dry bulk commodities and liquid cargoes through its fleet of dry bulk carriers and tankers.

United Maritime’s vessels transport commodities such as grains, coal, and other dry bulk materials, as well as petroleum products and related liquid cargoes. The company generates revenue by employing its vessels under voyage charters, time charters, and other commercial arrangements with customers in international shipping markets.

Founded in 2021, United Maritime is headquartered in Greece and serves customers and trading routes worldwide.

Further Reading

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