EuroDry (NASDAQ:EDRY – Get Free Report) posted its earnings results on Monday. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.56), Zacks reports. EuroDry had a negative net margin of 9.64% and a negative return on equity of 4.83%.
EuroDry Trading Down 2.1 %
NASDAQ EDRY opened at $10.50 on Monday. The firm’s fifty day moving average is $11.09 and its two-hundred day moving average is $15.67. EuroDry has a one year low of $10.04 and a one year high of $24.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 0.84. The firm has a market cap of $29.82 million, a PE ratio of -4.77 and a beta of 0.76.
Wall Street Analysts Forecast Growth
Separately, Noble Financial downgraded EuroDry from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th.
About EuroDry
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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