Castor Maritime (NASDAQ:CTRM) Shares Down 9.8%

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Shares of Castor Maritime Inc. (NASDAQ:CTRM) were down 9.8% during trading on Tuesday . The company traded as low as $0.85 and last traded at $1.11. Approximately 180,402,734 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 279,685,813 shares. The stock had previously closed at $1.23.

The stock has a market cap of $2.66 million, a price-to-earnings ratio of 8.67 and a beta of 1.54. The company has a quick ratio of 3.88, a current ratio of 4.33 and a debt-to-equity ratio of 0.22. The business’s 50 day simple moving average is $0.67 and its 200 day simple moving average is $0.29.

A hedge fund recently bought a new stake in Castor Maritime stock. Barclays PLC bought a new position in shares of Castor Maritime Inc. (NASDAQ:CTRM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 222,500 shares of the company’s stock, valued at approximately $41,000. Barclays PLC owned about 9.27% of Castor Maritime as of its most recent filing with the Securities and Exchange Commission.

About Castor Maritime (NASDAQ:CTRM)

Castor Maritime Inc, through its subsidiaries, engages in ocean transportation of dry bulk cargoes worldwide. It provides seaborne transportation services for dry bulk cargo, including iron ore, coal, grains, steel products, fertilizers, cement, bauxite, sugar, and scrap metals. The company operates three Panamax vessels with a carrying capacity of approximately 76,122 deadweight ton.

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