Seanergy Maritime (NASDAQ:SHIP) announced its quarterly earnings results on Thursday. The shipping company reported ($0.98) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.69) by ($0.29), Morningstar.com reports. Seanergy Maritime had a negative return on equity of 87.88% and a negative net margin of 27.56%. The company had revenue of $18.76 million for the quarter, compared to analyst estimates of $19.27 million.
NASDAQ:SHIP traded up $0.01 during midday trading on Friday, hitting $0.55. 71,940 shares of the company were exchanged, compared to its average volume of 820,884. The stock has a fifty day moving average of $0.61. Seanergy Maritime has a fifty-two week low of $0.50 and a fifty-two week high of $16.35.
Several equities research analysts recently commented on the stock. Noble Financial reiterated a “buy” rating and set a $1.60 price target on shares of Seanergy Maritime in a research note on Tuesday, July 23rd. Zacks Investment Research upgraded shares of Seanergy Maritime from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a research note on Wednesday, May 22nd. ValuEngine upgraded shares of Seanergy Maritime from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Maxim Group reiterated a “buy” rating and set a $4.00 price target (down from $10.00) on shares of Seanergy Maritime in a research note on Wednesday, May 22nd.
Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of April 4, 2019, it owned a fleet of 10 Capesizes with a cargo-carrying capacity of approximately 1,748,581 deadweight tons and an average fleet age of 10 years.
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