Stock Buzzer: Can Euroseas Ltd.’s Tomorrow Be Different? The Stock Increases Again

Stock Buzzer: Can Euroseas Ltd.'s Tomorrow Be Different? The Stock Increases Again

The stock of Euroseas Ltd. (NASDAQ:ESEA) is a huge mover today! About 7.29M shares traded hands or 399.32% up from the average. Euroseas Ltd. (NASDAQ:ESEA) has declined 16.09% since April 21, 2016 and is downtrending. It has underperformed by 21.42% the S&P500.
The move comes after 8 months positive chart setup for the $20.16M company. It was reported on Nov, 23 by We have $3.00 PT which if reached, will make NASDAQ:ESEA worth $806,400 more.

Analysts await Euroseas Ltd. (NASDAQ:ESEA) to report earnings on February, 16. They expect $-0.13 earnings per share, up 63.89% or $0.23 from last year’s $-0.36 per share. After $-0.40 actual earnings per share reported by Euroseas Ltd. for the previous quarter, Wall Street now forecasts -67.50% 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.”

Another recent and important Euroseas Ltd. (NASDAQ:ESEA) news was published by which published an article titled: “Euroseas Ltd. (ESEA) Acquires Drybulk Vessel, Enters $2M Short-Term Loan Facility” on November 23, 2016.

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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