Castor Maritime (NASDAQ:CTRM – Get Free Report) issued its earnings results on Monday. The company reported $0.31 earnings per share (EPS) for the quarter, FiscalAI reports. Castor Maritime had a net margin of 109.09% and a return on equity of 4.85%. The company had revenue of $25.57 million for the quarter.
Castor Maritime Trading Down 8.4%
NASDAQ CTRM opened at $2.28 on Wednesday. Castor Maritime has a one year low of $1.66 and a one year high of $2.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.88 and a quick ratio of 6.88. The firm has a market cap of $22.02 million, a P/E ratio of 1.42 and a beta of 1.22. The stock’s 50-day moving average is $2.19 and its 200-day moving average is $2.08.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Castor Maritime in a research note on Friday, September 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Institutional Trading of Castor Maritime
A hedge fund recently bought a new stake in Castor Maritime stock. NewEdge Advisors LLC purchased a new stake in Castor Maritime Inc. (NASDAQ:CTRM – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 21,912 shares of the company’s stock, valued at approximately $46,000. NewEdge Advisors LLC owned approximately 0.23% of Castor Maritime as of its most recent filing with the Securities and Exchange Commission (SEC). 1.08% of the stock is owned by institutional investors.
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.
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