Shares of EuroDry Ltd (NASDAQ:EDRY) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokers have set a 12 month consensus target price of $11.25 for the company and are anticipating that the company will post ($0.46) earnings per share for the current quarter, according to Zacks. Zacks has also assigned EuroDry an industry rank of 145 out of 256 based on the ratings given to its competitors.
Several equities research analysts recently issued reports on EDRY shares. Noble Financial set a $14.00 price target on shares of EuroDry and gave the company a “buy” rating in a report on Friday, August 16th. Maxim Group set a $9.00 price target on shares of EuroDry and gave the company a “buy” rating in a report on Friday, August 9th. ValuEngine raised shares of EuroDry from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research raised shares of EuroDry from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a report on Tuesday, August 20th.
EDRY stock traded down $0.50 during mid-day trading on Friday, hitting $7.40. The stock had a trading volume of 8,800 shares, compared to its average volume of 7,012. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. EuroDry has a 52 week low of $6.51 and a 52 week high of $14.50. The firm has a market capitalization of $17.53 million, a P/E ratio of 30.83 and a beta of -0.92. The firm has a fifty day simple moving average of $7.67 and a 200 day simple moving average of $7.69.
EuroDry (NASDAQ:EDRY) last released its earnings results on Thursday, August 8th. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.20). The firm had revenue of $6.19 million during the quarter, compared to the consensus estimate of $6.49 million. EuroDry had a net margin of 4.08% and a return on equity of 3.16%. As a group, equities analysts expect that EuroDry will post -1.53 earnings per share for the current fiscal 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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