United Maritime (NASDAQ:USEA) Stock Price Down 0.3% – Here’s Why

United Maritime Corporation (NASDAQ:USEA)’s share price was down 0.3% during mid-day trading on Thursday . The company traded as low as $1.61 and last traded at $1.63. Approximately 11,895 shares changed hands during trading, a decline of 49% from the average daily volume of 23,441 shares. The stock had previously closed at $1.63.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of United Maritime in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

United Maritime Stock Down 0.3%

The firm has a market capitalization of $14.95 million, a price-to-earnings ratio of -2.26 and a beta of 0.91. The business’s 50-day moving average is $1.66 and its two-hundred day moving average is $1.48. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.49.

United Maritime (NASDAQ:USEA) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.16. The business had revenue of $12.47 million for the quarter, compared to the consensus estimate of $10.70 million. United Maritime had a negative net margin of 14.64% and a negative return on equity of 9.88%.

United Maritime Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Monday, August 18th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date was Monday, August 18th. United Maritime’s dividend payout ratio (DPR) is currently -16.67%.

About United Maritime

United Maritime Corporation, a shipping company, offers seaborne transportation services worldwide. It operates a fleet of eight dry bulk vessels comprising three Panamax, three Capesize, and two Kamsarmax vessels with an aggregate cargo-carrying capacity of approximately 922,054 dwt. The company was incorporated in 2022 and is based in Glyfada, Greece.