Notable Runner: Euroseas Ltd.’s Stock Is Buy After Today’s Huge Increase

Notable Runner: Euroseas Ltd.'s Stock Is Buy After Today's Huge Increase

The stock of Euroseas Ltd. (NASDAQ:ESEA) is a huge mover today! The stock increased 1.94% or $0.04 on October 3, hitting $2.1. About 74,319 shares traded hands or 0.15% up from the average. Euroseas Ltd. (NASDAQ:ESEA) has risen 6.91% since February 29, 2016 and is uptrending. It has underperformed by 5.30% the S&P500.
The move comes after 9 months positive chart setup for the $17.74 million company. It was reported on Oct, 4 by We have $3.07 PT which if reached, will make NASDAQ:ESEA worth $8.16M more.

Analysts await Euroseas Ltd. (NASDAQ:ESEA) to report earnings on November, 8. They expect $-0.54 earnings per share, down 107.69% or $0.28 from last year’s $-0.26 per share. After $-0.51 actual earnings per share reported by Euroseas Ltd. for the previous quarter, Wall Street now forecasts 5.88% negative EPS growth.

According to Zacks Investment Research, “EUROSEAS LTD. was formed under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 136 years. Euroseas trades on the NASDAQ Global Select Market under the ticker ESEA. Euroseas operates in the dry cargo, drybulk and container shipping markets. Euroseas’ operations are managed by Eurobulk Ltd., an ISO 9001:2000 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroseas employs its vessels on spot and period charters and through pool arrangements.”

More notable recent Euroseas Ltd. (NASDAQ:ESEA) news were published by: which released: “Euroseas Ltd.” on April 21, 2010, also with their article: “Euroseas Ltd. Scales Back Amid Falling Dry Bulk Freight Rates” published on January 05, 2016, published: “Euroseas Ltd. ESEA (US: Nasdaq)” on February 11, 2011. More interesting news about Euroseas Ltd. (NASDAQ:ESEA) were released by: and their article: “Will Euroseas Survive The New Model? (ESEA)” published on May 19, 2015 as well as‘s news article titled: “Euroseas Ltd. (ESEA) Plans Rights Offering, One-for-10 Stock Split” with publication date: July 02, 2015.

ESEA Company Profile

Euroseas Ltd., incorporated on May 5, 2005, is engaged in the shipping business. The Firm is an owner and operator of drybulk and container carrier vessels and is a well-known provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company’s operations. The Firm also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers.

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