United Maritime (NASDAQ:USEA) Issues Earnings Results

United Maritime (NASDAQ:USEA) released its quarterly earnings results on Thursday. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.12, FiscalAI reports. The firm had revenue of $11.97 million for the quarter, compared to analysts’ expectations of $10.90 million. United Maritime had a positive return on equity of 2.31% and a negative net margin of 5.07%.

United Maritime Trading Up 24.4%

Shares of NASDAQ:USEA traded up $0.60 during midday trading on Thursday, hitting $3.06. 548,444 shares of the stock traded hands, compared to its average volume of 79,718. The stock has a market capitalization of $29.19 million, a PE ratio of -15.29 and a beta of 0.83. The business’s 50 day moving average is $2.70 and its two-hundred day moving average is $2.41. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 1.45. United Maritime has a one year low of $1.42 and a one year high of $3.20.

Analyst Upgrades and Downgrades

USEA has been the subject of several recent analyst reports. Wall Street Zen lowered United Maritime from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Weiss Ratings downgraded shares of United Maritime from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About United Maritime

United Maritime Corporation (NASDAQ: USEA) is a global shipping company engaged in the ownership and operation of oceangoing vessels. The company primarily provides seaborne transportation services for dry bulk commodities and liquid cargoes through its fleet of dry bulk carriers and tankers. United Maritime’s vessels transport commodities such as grains, coal, and other dry bulk materials, as well as petroleum products and related liquid cargoes. The company generates revenue by employing its vessels under voyage charters, time charters, and other commercial arrangements with customers in international shipping markets.