EuroDry (EDRY) to Release Earnings on Thursday

EuroDry (NASDAQ:EDRY) is set to release its earnings data after the market closes on Thursday, November 14th. Analysts expect EuroDry to post earnings of ($0.46) per share for the quarter.

Shares of NASDAQ EDRY traded down $0.50 during midday trading on Tuesday, reaching $7.70. The company’s stock had a trading volume of 9 shares, compared to its average volume of 965. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.88. EuroDry has a fifty-two week low of $6.51 and a fifty-two week high of $13.40. The business’s 50 day moving average price is $8.04 and its two-hundred day moving average price is $7.72. The company has a market cap of $18.69 million, a P/E ratio of 32.08 and a beta of -0.89.

A number of research firms have recently weighed in on EDRY. ValuEngine downgraded shares of EuroDry from a “buy” rating to a “hold” rating in a research report on Friday. Maxim Group set a $9.00 price target on shares of EuroDry and gave the company a “buy” rating in a research report on Friday, August 9th. Zacks Investment Research downgraded shares of EuroDry from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, Noble Financial reiterated a “buy” rating and issued a $13.50 price target on shares of EuroDry in a research report on Thursday, September 26th.

EuroDry Company Profile

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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Earnings History for EuroDry (NASDAQ:EDRY)

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