EuroDry (NASDAQ:EDRY) Downgraded to “Market Perform” Rating by Noble Financial

EuroDry (NASDAQ:EDRY) was downgraded by Noble Financial from an “outperform” rating to a “market perform” rating in a report released on Friday,Finviz reports.

EuroDry Trading Up 2.0 %

Shares of EDRY opened at $10.71 on Friday. The firm’s fifty day moving average is $11.65 and its two-hundred day moving average is $16.64. The stock has a market cap of $30.43 million, a PE ratio of -4.87 and a beta of 0.76. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 0.74. EuroDry has a 52-week low of $10.04 and a 52-week high of $24.84.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in EuroDry stock. Linden Thomas Advisory Services LLC increased its stake in shares of EuroDry Ltd. (NASDAQ:EDRY) by 16.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,693 shares of the company’s stock after buying an additional 4,289 shares during the quarter. Linden Thomas Advisory Services LLC owned about 1.05% of EuroDry worth $333,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 2.44% of the company’s stock.

About EuroDry

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. It owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. The company fleet consisted of 13 drybulk carriers comprising five Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 918,502 dwt.