Castor Maritime (NASDAQ:CTRM) Trading 0.5% Higher – Here’s What Happened

Castor Maritime Inc. (NASDAQ:CTRM) traded up 0.5% on Monday . The stock traded as high as $1.99 and last traded at $1.96. 41,107 shares were traded during mid-day trading, a decline of 38% from the average session volume of 65,919 shares. The stock had previously closed at $1.95.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Castor Maritime in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Castor Maritime Stock Performance

The stock has a market capitalization of $18.93 million, a P/E ratio of -0.63 and a beta of 1.00. The firm has a 50-day moving average of $2.17 and a 200 day moving average of $2.12. The company has a quick ratio of 5.61, a current ratio of 5.61 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On Castor Maritime

A number of hedge funds and other institutional investors have recently made changes to their positions in CTRM. Jane Street Group LLC bought a new stake in Castor Maritime in the fourth quarter valued at about $37,000. Virtu Financial LLC acquired a new position in Castor Maritime in the fourth quarter worth about $25,000. Finally, Goldman Sachs Group Inc. lifted its stake in Castor Maritime by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 26,600 shares of the company’s stock worth $61,000 after purchasing an additional 4,586 shares during the period. 1.08% of the stock is owned by institutional investors.

About Castor Maritime

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.