Euroseas (NASDAQ:ESEA) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Euroseas Ltd. (NASDAQ:ESEA)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $58.56 and traded as high as $65.74. Euroseas shares last traded at $65.63, with a volume of 80,335 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Euroseas in a research report on Monday, December 29th. Wall Street Zen cut Euroseas from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Euroseas Stock Up 1.3%

The company has a current ratio of 4.89, a quick ratio of 4.82 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average price is $57.72 and its 200-day moving average price is $58.56. The company has a market cap of $460.07 million, a price-to-earnings ratio of 3.35 and a beta of 0.80.

Euroseas (NASDAQ:ESEA) last posted its earnings results on Wednesday, February 25th. The shipping company reported $4.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.47 by $0.01. The business had revenue of $57.39 million during the quarter, compared to analysts’ expectations of $57.83 million. Euroseas had a return on equity of 27.82% and a net margin of 60.11%. Sell-side analysts predict that Euroseas Ltd. will post 15.15 earnings per share for the current year.

Euroseas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 10th will be given a $0.75 dividend. This is an increase from Euroseas’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, March 10th. Euroseas’s dividend payout ratio (DPR) is presently 14.27%.

Hedge Funds Weigh In On Euroseas

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP acquired a new stake in Euroseas during the 2nd quarter valued at $45,000. Magnetar Financial LLC bought a new position in shares of Euroseas during the fourth quarter worth approximately $204,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Euroseas by 540.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,280 shares of the shipping company’s stock worth $76,000 after purchasing an additional 1,080 shares in the last quarter. Navellier & Associates Inc. bought a new stake in shares of Euroseas during the 4th quarter worth approximately $537,000. Finally, Quarry LP bought a new stake in shares of Euroseas during the 3rd quarter worth $89,000. Institutional investors own 6.27% of the company’s stock.

About Euroseas

Euroseas Ltd. (NASDAQ: ESEA) is an international shipping company specializing in seaborne transportation of containerized and drybulk cargoes. Incorporated in Bermuda with its principal operations and management office based in Athens, Greece, the company owns and charters a diversified fleet of containerships, drybulk carriers and multipurpose vessels. Euroseas provides tailored shipping solutions on time-charter and voyage-charter agreements, serving manufacturers, commodity traders and logistics providers across major trade routes.

Euroseas’s fleet comprises both owned and chartered tonnage, enabling the company to adjust capacity to market conditions and customer requirements.