EuroDry (NASDAQ:EDRY - Get Free Report) Director Aristeidis Pittas sold 500 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $44.56, for a total transaction of $22,280.00. Following the sale, the director directly owned 75,913 shares of the company's stock, valued at $3,382,683.28. This trade represents a 0.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
EuroDry Price Performance
Shares of NASDAQ EDRY opened at $53.69 on Wednesday. The firm has a market cap of $155.16 million, a P/E ratio of 16.22 and a beta of 0.68. EuroDry has a twelve month low of $10.62 and a twelve month high of $53.93. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.69. The company has a 50 day moving average of $28.28 and a 200 day moving average of $23.04.
EuroDry (NASDAQ:EDRY - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $1.23 by $1.21. The business had revenue of $17.70 million for the quarter, compared to the consensus estimate of $17.86 million. EuroDry had a return on equity of 8.77% and a net margin of 15.02%. As a group, research analysts expect that EuroDry will post 5.77 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Zacks Research raised EuroDry from a "hold" rating to a "strong-buy" rating in a report on Friday, July 10th. Wall Street Zen upgraded EuroDry from a "buy" rating to a "strong-buy" rating in a research note on Sunday, May 3rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of EuroDry in a research report on Friday. Finally, Alliance Global Partners reiterated a "buy" rating on shares of EuroDry in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, EuroDry presently has a consensus rating of "Moderate Buy" and an average price target of $23.50.
Get Our Latest Report on EDRY
Institutional Inflows and Outflows
A hedge fund recently raised its position in EuroDry stock. Renaissance Technologies LLC grew its holdings in shares of EuroDry (NASDAQ:EDRY - Free Report) by 53.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,347 shares of the company's stock after acquiring an additional 21,047 shares during the period. Renaissance Technologies LLC owned about 2.09% of EuroDry worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 2.44% of the company's stock.
About EuroDry
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Get Free Report)
EuroDry Limited is a Marshall Islands–incorporated shipping company, formed in 2005 and headquartered in Piraeus, Greece. The company is publicly traded on the NASDAQ under the symbol EDRY. Since its inception, EuroDry has focused exclusively on the marine transportation of drybulk commodities and has grown its fleet through a combination of newbuilding contracts and second-hand acquisitions.
As of mid-2024, EuroDry's operating fleet comprises Capesize, Panamax and Supramax drybulk carriers, collectively providing over one million deadweight tons (dwt) of capacity.
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