United Maritime (NASDAQ:USEA) Trading 1.7% Higher – Here’s Why

United Maritime Corporation (NASDAQ:USEA) shares shot up 1.7% on Friday . The company traded as high as $1.8450 and last traded at $1.82. 24,744 shares changed hands during trading, a decline of 44% from the average session volume of 44,524 shares. The stock had previously closed at $1.79.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded United Maritime from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, United Maritime currently has a consensus rating of “Hold”.

United Maritime Trading Up 1.7%

The company has a quick ratio of 0.61, a current ratio of 0.62 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $16.74 million, a PE ratio of -3.64 and a beta of 0.89. The stock’s fifty day simple moving average is $1.82 and its 200 day simple moving average is $1.70.

United Maritime (NASDAQ:USEA) last issued its quarterly earnings data on Friday, November 21st. The company reported $0.40 earnings per share (EPS) for the quarter. The firm had revenue of $10.97 million during the quarter. United Maritime had a negative net margin of 10.18% and a negative return on equity of 6.57%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in United Maritime stock. Elevation Point Wealth Partners LLC bought a new stake in shares of United Maritime Corporation (NASDAQ:USEA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 34,250 shares of the company’s stock, valued at approximately $56,000. Elevation Point Wealth Partners LLC owned approximately 0.37% of United Maritime as of its most recent filing with the Securities and Exchange Commission. 1.63% of the stock is currently owned by hedge funds and other institutional investors.

About United Maritime

United Maritime Corporation is a Marshall Islands–incorporated shipping company that provides seaborne transportation of crude oil and petroleum products. Traded on the NASDAQ under the symbol USEA, the company markets its tanker services to major oil producers, traders and refiners around the world. Its business model combines vessel ownership with time-charter contracts to deliver tailored shipping solutions across the energy supply chain.

The company’s fleet is composed primarily of medium‐ and large‐sized oil tankers, including Aframax and Suezmax vessels.