Seanergy Maritime (NASDAQ:SHIP) Shares Gap Up to $0.50

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Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) shares gapped up prior to trading on Thursday . The stock had previously closed at $0.50, but opened at $0.56. Seanergy Maritime shares last traded at $0.57, with a volume of 204,280 shares traded.

Separately, Zacks Investment Research lowered Seanergy Maritime from a “hold” rating to a “sell” rating in a research note on Saturday, November 21st.

The stock has a market cap of $35.65 million, a P/E ratio of -0.17 and a beta of 0.73. The company’s 50 day moving average price is $0.49 and its 200-day moving average price is $0.74. The company has a quick ratio of 0.15, a current ratio of 0.16 and a debt-to-equity ratio of 0.24.

Seanergy Maritime (NASDAQ:SHIP) last posted its quarterly earnings data on Tuesday, November 17th. The shipping company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.13). The company had revenue of $19.65 million during the quarter, compared to analyst estimates of $20.08 million. Seanergy Maritime had a negative net margin of 21.30% and a negative return on equity of 46.30%. Equities research analysts anticipate that Seanergy Maritime Holdings Corp. will post -0.36 earnings per share for the current year.

An institutional investor recently bought a new position in Seanergy Maritime stock. Jane Street Group LLC bought a new stake in shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 44,312 shares of the shipping company’s stock, valued at approximately $95,000. Jane Street Group LLC owned approximately 0.27% of Seanergy Maritime at the end of the most recent reporting period. Institutional investors and hedge funds own 0.42% of the company’s stock.

Seanergy Maritime Company Profile (NASDAQ:SHIP)

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of dry bulk commodities worldwide. It owns a fleet of ten Capesize bulk carriers with a cargo-carrying capacity of approximately 1,748,581 deadweight tons and an average fleet age of 11 years. The company is headquartered in Athens, Greece.

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