Heidmar Maritime (NASDAQ:HMR) Stock Rating Upgraded by Zacks Research

Heidmar Maritime (NASDAQ:HMR) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms have also weighed in on HMR. Weiss Ratings lowered shares of Heidmar Maritime from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 18th. B. Riley Financial decreased their price objective on shares of Heidmar Maritime from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $3.00.

Heidmar Maritime Trading Up 4.7%

HMR opened at $1.57 on Monday. The company has a fifty day simple moving average of $0.91 and a 200 day simple moving average of $0.97. The firm has a market cap of $92.61 million, a price-to-earnings ratio of -4.03 and a beta of -1.34. Heidmar Maritime has a twelve month low of $0.73 and a twelve month high of $2.30.

About Heidmar Maritime

Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes.

Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double‐hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels.