The stock of Euroseas Ltd. (NASDAQ:ESEA) is a huge mover today! About 3.38 million shares traded hands or 5663.10% up from the average. Euroseas Ltd. (NASDAQ:ESEA) has risen 2.82% since April 13, 2016 and is uptrending. It has underperformed by 1.11% the S&P500.
The move comes after 7 months positive chart setup for the $55.78M company. It was reported on Nov, 15 by Barchart.com. We have $5.88 PT which if reached, will make NASDAQ:ESEA worth $18.97M more.
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 recent Euroseas Ltd. (NASDAQ:ESEA) news were published by: Marketwatch.com which released: “Euroseas Ltd.” on April 21, 2010. Also Wsj.com published the news titled: “Euroseas Ltd. Scales Back Amid Falling Dry Bulk Freight Rates” on January 05, 2016. Quotes.Wsj.com‘s news article titled: “Euroseas Ltd. ESEA (US: Nasdaq)” with publication date: February 11, 2011 was also an interesting one.
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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