EuroDry Ltd. (NASDAQ:EDRY – Get Free Report) shares were down 2.9% on Wednesday . The company traded as low as $23.00 and last traded at $23.34. Approximately 10,437 shares traded hands during trading, a decline of 1% from the average daily volume of 10,542 shares. The stock had previously closed at $24.03.
EuroDry Stock Performance
The business’s 50 day simple moving average is $22.92 and its two-hundred day simple moving average is $21.74. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $63.33 million, a PE ratio of -19.56 and a beta of 0.79.
EuroDry (NASDAQ:EDRY – Get Free Report) last issued its quarterly earnings data on Tuesday, May 21st. The company reported ($1.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.89). EuroDry had a negative net margin of 6.22% and a negative return on equity of 2.88%. The business had revenue of $14.43 million for the quarter, compared to the consensus estimate of $15.14 million. Research analysts expect that EuroDry Ltd. will post 1.52 earnings per share for the current fiscal year.
Institutional Investors Weigh In On EuroDry
EuroDry Company Profile
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. It owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. The company fleet consisted of 13 drybulk carriers comprising five Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 918,502 dwt.
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