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.
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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.
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