Seanergy Maritime (NASDAQ:SHIP) Shares Down 7%

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) shares traded down 7% on Thursday . The stock traded as low as $0.63 and last traded at $0.66. 1,198,230 shares traded hands during trading, an increase of 970% from the average session volume of 111,984 shares. The stock had previously closed at $0.71.

Several analysts have recently issued reports on the company. ValuEngine raised Seanergy Maritime from a “hold” rating to a “buy” rating in a report on Tuesday, March 26th. Maxim Group reduced their target price on Seanergy Maritime to $10.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Noble Financial lowered Seanergy Maritime from an “outperform” rating to a “market perform” rating in a report on Monday, May 13th. Finally, Zacks Investment Research raised Seanergy Maritime from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a report on Wednesday, May 22nd.

The firm has a market capitalization of $2.25 million, a PE ratio of -0.12 and a beta of 1.19. The company has a debt-to-equity ratio of 8.95, a current ratio of 0.47 and a quick ratio of 0.32.

Seanergy Maritime (NASDAQ:SHIP) last released its earnings results on Tuesday, March 19th. The shipping company reported ($1.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($1.64). The company had revenue of $26.99 million for the quarter, compared to analyst estimates of $23.92 million. Seanergy Maritime had a negative return on equity of 49.92% and a negative net margin of 23.01%. On average, equities research analysts anticipate that Seanergy Maritime Holdings Corp. will post -1.84 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Seanergy Maritime (NASDAQ:SHIP) Shares Down 7%” was originally published by Riverton Roll and is the sole property of of Riverton Roll. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://rivertonroll.com/news/2019/06/14/seanergy-maritime-nasdaqship-shares-down-7.html.

Seanergy Maritime Company Profile (NASDAQ:SHIP)

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of April 4, 2019, it owned a fleet of 10 Capesizes with a cargo-carrying capacity of approximately 1,748,581 deadweight tons and an average fleet age of 10 years.

Further Reading: What type of investment options does a Roth IRA provide?

Receive News & Ratings for Seanergy Maritime Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seanergy Maritime and related companies with MarketBeat.com's FREE daily email newsletter.