StockNews.com assumed coverage on shares of Euroseas (NASDAQ:ESEA – Free Report) in a research note published on Friday morning. The firm issued a buy rating on the shipping company’s stock.
Euroseas Price Performance
Shares of NASDAQ:ESEA opened at $32.58 on Friday. The stock has a market cap of $228.26 million, a PE ratio of 2.01 and a beta of 0.72. Euroseas has a 1-year low of $30.21 and a 1-year high of $50.92. The company has a current ratio of 1.65, a quick ratio of 1.59 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $33.37 and its two-hundred day simple moving average is $38.65.
Euroseas Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 7.98%. This is a boost from Euroseas’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, March 11th. Euroseas’s payout ratio is presently 16.10%.
Institutional Investors Weigh In On Euroseas
About Euroseas
Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of March 31, 2024, it had a fleet of 20 containerships with a cargo carrying capacity of approximately 777,749 dwt.
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