StockNews.com assumed coverage on shares of Euroseas (NASDAQ:ESEA – Free Report) in a research report sent to investors on Friday morning. The brokerage issued a buy rating on the shipping company’s stock.
Euroseas Stock Up 0.2 %
Shares of ESEA opened at $32.58 on Friday. Euroseas has a 52-week low of $30.21 and a 52-week high of $50.92. The company has a market capitalization of $228.26 million, a PE ratio of 2.01 and a beta of 0.72. The stock has a fifty day simple moving average of $33.30 and a two-hundred day simple moving average of $38.46. The company has a quick ratio of 1.59, a current ratio of 1.65 and a debt-to-equity ratio of 0.53.
Euroseas Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 11th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 7.98%. This is an increase from Euroseas’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, March 11th. Euroseas’s dividend payout ratio (DPR) is presently 16.10%.
Institutional Trading of Euroseas
Euroseas Company Profile
Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of March 31, 2024, it had a fleet of 20 containerships with a cargo carrying capacity of approximately 777,749 dwt.
Further Reading
- Five stocks we like better than Euroseas
- Manufacturing Stocks Investing
- How to Build the Ultimate Everything ETF Portfolio
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- 3 Monster Growth Stocks to Buy Now
- 3 Stocks With High ROE and Market-Beating Growth Potential
Receive News & Ratings for Euroseas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euroseas and related companies with MarketBeat.com's FREE daily email newsletter.