Castor Maritime (NASDAQ:CTRM) Releases Quarterly Earnings Results

Castor Maritime (NASDAQ:CTRM) announced its quarterly earnings data on Wednesday. The company reported $0.24 earnings per share (EPS) for the quarter, FiscalAI reports. Castor Maritime had a negative return on equity of 3.65% and a negative net margin of 37.42%.The firm had revenue of $13.33 million during the quarter.

Castor Maritime Trading Down 2.2%

Shares of NASDAQ:CTRM opened at $1.82 on Friday. The business has a 50-day moving average price of $2.04 and a 200-day moving average price of $2.08. The company has a quick ratio of 5.61, a current ratio of 5.61 and a debt-to-equity ratio of 0.03. The stock has a market cap of $17.58 million, a price-to-earnings ratio of -1.13 and a beta of 1.09. Castor Maritime has a 52-week low of $1.66 and a 52-week high of $2.65.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CTRM. Goldman Sachs Group Inc. raised its position in Castor Maritime by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 26,600 shares of the company’s stock valued at $61,000 after acquiring an additional 4,586 shares in the last quarter. Jane Street Group LLC purchased a new position in Castor Maritime during the fourth quarter valued at approximately $37,000. Finally, Virtu Financial LLC purchased a new position in Castor Maritime during the fourth quarter valued at approximately $25,000. 1.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Castor Maritime in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Castor Maritime Company Profile

Castor Maritime Inc is a global shipping company that specializes in the acquisition and operation of dry bulk carriers. The company’s fleet, comprising primarily Supramax, Ultramax and Handysize vessels, is deployed on short-, medium- and long-term time and voyage charters. Castor Maritime focuses on the seaborne transportation of dry bulk commodities such as coal, grain, iron ore, fertilizers and other industrial raw materials.

Headquartered in Athens, Greece, with a commercial office in New York, Castor Maritime serves customers across Asia, Europe and the Americas.