Shares of EuroDry Ltd. (NASDAQ:EDRY – Get Free Report) were down 2.9% on Wednesday . The company traded as low as $23.00 and last traded at $23.34. Approximately 10,437 shares were traded during mid-day trading, a decline of 1% from the average daily volume of 10,542 shares. The stock had previously closed at $24.03.
EuroDry Trading Down 1.8 %
The firm has a market cap of $63.33 million, a PE ratio of -19.56 and a beta of 0.79. The business has a 50-day moving average price of $22.92 and a two-hundred day moving average price of $21.74. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.89 and a quick ratio of 0.76.
EuroDry (NASDAQ:EDRY – Get Free Report) last announced its quarterly earnings results on Tuesday, May 21st. The company reported ($1.18) earnings per share 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 firm had revenue of $14.43 million during the quarter, compared to analysts’ expectations of $15.14 million. Analysts forecast that EuroDry Ltd. will post 1.52 EPS for the current year.
Institutional Inflows and Outflows
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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