United Maritime (NASDAQ:USEA) Stock Bumped Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of United Maritime (NASDAQ:USEA) to a buy rating in a research report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings lowered shares of United Maritime from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

United Maritime Trading Down 4.2%

Shares of USEA stock opened at $2.54 on Friday. The firm has a market capitalization of $24.23 million, a P/E ratio of -12.70 and a beta of 0.82. United Maritime has a twelve month low of $1.42 and a twelve month high of $3.20. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 1.45. The stock’s fifty day simple moving average is $2.81 and its 200 day simple moving average is $2.54.

United Maritime (NASDAQ:USEA) last posted its earnings results on Thursday, July 30th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.03 by $0.12. United Maritime had a positive return on equity of 2.31% and a negative net margin of 5.07%. The firm had revenue of $9.99 million during the quarter, compared to the consensus estimate of $9.80 million.

United Maritime Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 15.7%. The ex-dividend date of this dividend was Friday, September 25th. United Maritime’s dividend payout ratio (DPR) is currently -200.00%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in United Maritime stock. Renaissance Technologies LLC grew its stake in United Maritime Corporation (NASDAQ:USEA) by 208.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 232,535 shares of the company’s stock after buying an additional 157,235 shares during the period. Renaissance Technologies LLC owned 2.44% of United Maritime worth $470,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 1.63% of the company’s stock.

United Maritime Company Profile

United Maritime Corporation is a global shipping company focused on the ownership and operation of oceangoing vessels. The company’s activities primarily center on transporting dry bulk commodities and petroleum products through a fleet of dry bulk carriers and tankers.

Its dry bulk vessels serve international trade in commodities such as iron ore, coal, grain and other raw materials, while its tanker operations support the transportation of crude oil and refined petroleum products. United Maritime charters its vessels to customers and commercial counterparties in global shipping markets.

The company is incorporated in the Marshall Islands and operates from Greece, serving international routes and markets.