EuroDry (NASDAQ:EDRY – Get Free Report) insider Symeon Pariaros sold 2,676 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $45.80, for a total transaction of $122,560.80. Following the transaction, the insider owned 1,900 shares in the company, valued at approximately $87,020. This trade represents a 58.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Symeon Pariaros also recently made the following trade(s):
- On Tuesday, August 18th, Symeon Pariaros sold 2,700 shares of EuroDry stock. The stock was sold at an average price of $42.00, for a total value of $113,400.00.
- On Wednesday, August 12th, Symeon Pariaros sold 1,900 shares of EuroDry stock. The stock was sold at an average price of $39.98, for a total transaction of $75,962.00.
EuroDry Stock Performance
EuroDry stock traded up $4.50 during mid-day trading on Monday, reaching $51.35. The company’s stock had a trading volume of 221,284 shares, compared to its average volume of 44,660. The firm’s fifty day moving average price is $27.18 and its two-hundred day moving average price is $22.48. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.23 and a current ratio of 1.28. EuroDry has a 12-month low of $10.51 and a 12-month high of $52.22. The company has a market capitalization of $148.45 million, a P/E ratio of 15.55 and a beta of 0.68.
Analysts Set New Price Targets
A number of analysts have recently issued reports on EDRY shares. Wall Street Zen raised shares of EuroDry from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 3rd. Weiss Ratings downgraded EuroDry from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. Alliance Global Partners reaffirmed a “buy” rating on shares of EuroDry in a research note on Friday, August 7th. Finally, Zacks Research upgraded EuroDry from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.50.
View Our Latest Report on EuroDry
Institutional Investors Weigh In On EuroDry
A hedge fund recently raised its position in EuroDry stock. Renaissance Technologies LLC lifted its stake in EuroDry (NASDAQ:EDRY – Free Report) by 53.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,347 shares of the company’s stock after purchasing an additional 21,047 shares during the period. Renaissance Technologies LLC owned 2.09% of EuroDry worth $1,189,000 as of its most recent SEC filing. 2.44% of the stock is currently owned by hedge funds and other institutional investors.
EuroDry Company Profile
EuroDry Limited is a Marshall Islands–incorporated shipping company, formed in 2005 and headquartered in Piraeus, Greece. The company is publicly traded on the NASDAQ under the symbol EDRY. Since its inception, EuroDry has focused exclusively on the marine transportation of drybulk commodities and has grown its fleet through a combination of newbuilding contracts and second-hand acquisitions.
As of mid-2024, EuroDry’s operating fleet comprises Capesize, Panamax and Supramax drybulk carriers, collectively providing over one million deadweight tons (dwt) of capacity.
Featured Stories
- Five stocks we like better than EuroDry
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
- If Boeing Ramps Up Production, These Suppliers May Win Big
- Marvell Takes a Shot a Broadcom’s Throne With Google Deal
Receive News & Ratings for EuroDry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EuroDry and related companies with MarketBeat.com's FREE daily email newsletter.
