EuroDry (NASDAQ:EDRY) Stock Rating Upgraded by Wall Street Zen
by Renee Jackson · The Cerbat GemEuroDry (NASDAQ:EDRY – Get Free Report) was upgraded by investment analysts at Wall Street Zen to a “strong-buy” rating in a research report issued to clients and investors on Saturday.
Other research analysts also recently issued reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of EuroDry in a research report on Thursday, January 22nd. Zacks Research upgraded EuroDry from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Finally, Noble Financial raised EuroDry from a “market perform” rating to an “outperform” rating and set a $23.50 price objective for the company in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, EuroDry presently has an average rating of “Moderate Buy” and an average price target of $23.50.
Read Our Latest Stock Report on EDRY
EuroDry Stock Performance
EDRY opened at $19.78 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.46 and a debt-to-equity ratio of 0.89. EuroDry has a 12-month low of $7.60 and a 12-month high of $23.98. The firm has a 50 day moving average of $17.74 and a two-hundred day moving average of $14.61. The firm has a market capitalization of $57.16 million, a PE ratio of -12.60 and a beta of 0.89.
EuroDry (NASDAQ:EDRY – Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.78 by $0.09. The business had revenue of $17.39 million for the quarter, compared to the consensus estimate of $17.77 million. EuroDry had a negative net margin of 8.16% and a negative return on equity of 6.83%. On average, analysts anticipate that EuroDry will post -2.84 EPS for the current year.
About EuroDry
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.