EuroDry (NASDAQ:EDRY) Trading 0.2% Higher

Shares of EuroDry Ltd. (NASDAQ:EDRY) were up 0.2% during trading on Wednesday . The company traded as high as $24.69 and last traded at $24.69. Approximately 2,298 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 10,910 shares. The stock had previously closed at $24.63.

EuroDry Trading Up 0.2 %

The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.72. The business has a 50 day simple moving average of $22.02 and a two-hundred day simple moving average of $21.28. The stock has a market cap of $70.12 million, a price-to-earnings ratio of -21.66 and a beta of 0.79.

EuroDry (NASDAQ:EDRY) last released 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). The company had revenue of $14.43 million for the quarter, compared to analyst estimates of $15.14 million. EuroDry had a negative return on equity of 2.88% and a negative net margin of 6.22%. As a group, equities analysts anticipate that EuroDry Ltd. will post 1.52 EPS for the current year.

Institutional Trading of EuroDry

An institutional investor recently raised its position in EuroDry stock. Linden Thomas Advisory Services LLC grew its position in EuroDry Ltd. (NASDAQ:EDRY) by 26.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,917 shares of the company’s stock after acquiring an additional 3,362 shares during the quarter. Linden Thomas Advisory Services LLC owned approximately 0.56% of EuroDry worth $303,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 2.44% of the company’s stock.

About EuroDry

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.