Castor Maritime (NASDAQ:CTRM) Stock Price Up 1% – What’s Next?

Castor Maritime Inc. (NASDAQ:CTRM) shares rose 1% during trading on Wednesday . The stock traded as high as $1.9657 and last traded at $1.95. Approximately 9,391 shares traded hands during trading, a decline of 78% from the average daily volume of 42,890 shares. The stock had previously closed at $1.93.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Castor Maritime in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Castor Maritime has a consensus rating of “Sell”.

Castor Maritime Stock Performance

The firm has a market cap of $18.84 million, a price-to-earnings ratio of -1.21 and a beta of 1.25. The company has a quick ratio of 6.41, a current ratio of 6.44 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average price of $1.93 and a 200-day moving average price of $2.06.

Castor Maritime (NASDAQ:CTRM) last released its earnings results on Wednesday, April 15th. The company reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $13.33 million for the quarter. Castor Maritime had a return on equity of 2.68% and a net margin of 23.55%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CTRM. Virtu Financial LLC acquired a new position in shares of Castor Maritime in the fourth quarter valued at approximately $25,000. Jane Street Group LLC acquired a new position in shares of Castor Maritime in the fourth quarter valued at approximately $37,000. Goldman Sachs Group Inc. increased its holdings in shares of Castor Maritime by 20.8% in the first quarter. Goldman Sachs Group Inc. now owns 26,600 shares of the company’s stock valued at $61,000 after purchasing an additional 4,586 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Castor Maritime by 82.1% in the first quarter. Renaissance Technologies LLC now owns 73,869 shares of the company’s stock valued at $137,000 after purchasing an additional 33,300 shares during the period. Institutional investors and hedge funds own 1.08% of the company’s stock.

Castor Maritime Company Profile

Castor Maritime Inc is a global shipping company that specializes in the acquisition and operation of dry bulk carriers. The company’s fleet, comprising primarily Supramax, Ultramax and Handysize vessels, is deployed on short-, medium- and long-term time and voyage charters. Castor Maritime focuses on the seaborne transportation of dry bulk commodities such as coal, grain, iron ore, fertilizers and other industrial raw materials.

Headquartered in Athens, Greece, with a commercial office in New York, Castor Maritime serves customers across Asia, Europe and the Americas.