Seanergy Maritime (NASDAQ:SHIP) Announces Earnings Results

Seanergy Maritime (NASDAQ:SHIP) issued its earnings results on Thursday. The shipping company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.05, Fidelity Earnings reports. The business had revenue of $27.77 million for the quarter. Seanergy Maritime had a negative return on equity of 80.98% and a negative net margin of 20.98%.

Shares of SHIP traded down $0.02 during mid-day trading on Friday, reaching $0.31. The stock had a trading volume of 9,900 shares, compared to its average volume of 255,201. Seanergy Maritime has a 52-week low of $0.30 and a 52-week high of $8.25. The business’s fifty day moving average is $0.45 and its 200 day moving average is $0.53. The firm has a market cap of $9.37 million, a price-to-earnings ratio of -0.06 and a beta of 0.92.

Several equities research analysts recently commented on SHIP shares. ValuEngine cut Seanergy Maritime from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Maxim Group reissued a “buy” rating and set a $1.00 price objective on shares of Seanergy Maritime in a research note on Sunday, February 9th. Finally, Zacks Investment Research cut Seanergy Maritime from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Seanergy Maritime Company Profile

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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Earnings History for Seanergy Maritime (NASDAQ:SHIP)

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