Castor Maritime (NASDAQ:CTRM) Releases Quarterly Earnings Results

Castor Maritime (NASDAQ:CTRM) posted its earnings results on Wednesday. The company reported $0.08 EPS for the quarter, Zacks reports. Castor Maritime had a negative net margin of 40.48% and a negative return on equity of 0.38%. The firm had revenue of $17.94 million for the quarter.

Castor Maritime Trading Up 4.8%

NASDAQ:CTRM opened at $2.17 on Friday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $20.96 million, a PE ratio of -0.68 and a beta of 0.98. The firm’s 50 day moving average is $2.13 and its 200 day moving average is $2.22. Castor Maritime has a 12 month low of $1.91 and a 12 month high of $4.32.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Castor Maritime stock. Goldman Sachs Group Inc. boosted its holdings in Castor Maritime Inc. (NASDAQ:CTRM) by 20.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,600 shares of the company’s stock after buying an additional 4,586 shares during the period. Goldman Sachs Group Inc. owned approximately 0.28% of Castor Maritime worth $61,000 as of its most recent filing with the Securities and Exchange Commission. 1.08% of the stock is owned by institutional investors.

About Castor Maritime

Castor Maritime Inc provides shipping services worldwide. The company operates through Dry Bulk Vessels and Containerships segments. It offers seaborne transportation services for dry bulk cargo; and commodities, such as iron ore, coal, soybeans, etc. As of December 31, 2023, the company owned and operated a fleet of 17 vessels primarily consisting of one Capesize, five Kamsarmax, two Handysize tanker vessels, and nine Panamax dry bulk vessels, as well as two 2,700 TEU containership vessels.