United Maritime (NASDAQ:USEA) Trading Down 0.5% – Time to Sell?

United Maritime Co. (NASDAQ:USEA)’s share price traded down 0.5% during trading on Friday . The stock traded as low as $1.84 and last traded at $1.84. 19,173 shares changed hands during trading, a decline of 37% from the average session volume of 30,326 shares. The stock had previously closed at $1.85.

United Maritime Stock Down 0.5 %

The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.46 and a current ratio of 0.47. The firm’s 50-day simple moving average is $1.81 and its 200 day simple moving average is $2.19. The company has a market cap of $16.28 million, a P/E ratio of -7.08 and a beta of 0.53.

United Maritime (NASDAQ:USEA) last released its quarterly earnings data on Tuesday, November 26th. The company reported ($0.06) EPS for the quarter. United Maritime had a negative net margin of 4.96% and a negative return on equity of 2.76%.

United Maritime Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 27th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 16.30%. The ex-dividend date was Friday, December 27th. United Maritime’s payout ratio is presently -115.38%.

Hedge Funds Weigh In On United Maritime

A hedge fund recently bought a new stake in United Maritime stock. Jane Street Group LLC acquired a new position in shares of United Maritime Co. (NASDAQ:USEA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,415 shares of the company’s stock, valued at approximately $39,000. Jane Street Group LLC owned about 0.25% of United Maritime at the end of the most recent reporting period. 1.63% of the stock is owned by institutional investors.

About United Maritime

United Maritime Corporation, a shipping company, offers seaborne transportation services worldwide. It operates a fleet of eight dry bulk vessels comprising three Panamax, three Capesize, and two Kamsarmax vessels with an aggregate cargo-carrying capacity of approximately 922,054 dwt. The company was incorporated in 2022 and is based in Glyfada, Greece.