Seanergy Maritime (NASDAQ:SHIP) Posts Earnings Results, Misses Estimates By $0.26 EPS

Seanergy Maritime (NASDAQ:SHIP) released its earnings results on Thursday. The shipping company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.26), Zacks reports. Seanergy Maritime had a net margin of 28.37% and a return on equity of 19.01%.

Seanergy Maritime Trading Up 3.1 %

SHIP traded up $0.22 during trading on Thursday, hitting $7.12. 92,360 shares of the stock were exchanged, compared to its average volume of 265,770. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.52 and a current ratio of 1.99. The firm has a 50 day simple moving average of $6.96 and a 200 day simple moving average of $8.78. The firm has a market cap of $147.29 million, a price-to-earnings ratio of 3.05 and a beta of 0.45. Seanergy Maritime has a 1 year low of $6.55 and a 1 year high of $13.19.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SHIP. Maxim Group decreased their price target on Seanergy Maritime from $17.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. StockNews.com downgraded Seanergy Maritime from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th.

About Seanergy Maritime

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp.