Castor Maritime (NASDAQ:CTRM) Shares Down 2.8%

Castor Maritime Inc. (NASDAQ:CTRM) was down 2.8% during mid-day trading on Thursday . The stock traded as low as $3.80 and last traded at $3.81. Approximately 33,370 shares traded hands during trading, a decline of 57% from the average daily volume of 77,344 shares. The stock had previously closed at $3.92.

Castor Maritime Stock Up 3.3 %

The company has a debt-to-equity ratio of 0.10, a current ratio of 7.74 and a quick ratio of 8.44. The stock has a 50 day moving average price of $3.60 and a 200-day moving average price of $4.05. The stock has a market capitalization of $38.01 million, a P/E ratio of 1.58 and a beta of 0.80.

Castor Maritime (NASDAQ:CTRM) last announced its quarterly earnings data on Thursday, May 16th. The company reported $0.71 earnings per share for the quarter. The firm had revenue of $20.39 million during the quarter. Castor Maritime had a return on equity of 9.13% and a net margin of 53.67%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Castor Maritime stock. Privium Fund Management UK Ltd bought a new stake in shares of Castor Maritime Inc. (NASDAQ:CTRM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 154,987 shares of the company’s stock, valued at approximately $66,000. Privium Fund Management UK Ltd owned approximately 0.16% of Castor Maritime at the end of the most recent quarter. 1.08% of the stock is owned by hedge funds and other institutional investors.

Castor Maritime Company Profile

Castor Maritime Inc provides shipping services worldwide. The company operates through Dry Bulk Vessels and Containerships segments. It offers seaborne transportation services for dry bulk cargo; and commodities, such as iron ore, coal, soybeans, etc. As of December 31, 2023, the company owned and operated a fleet of 17 vessels primarily consisting of one Capesize, five Kamsarmax, two Handysize tanker vessels, and nine Panamax dry bulk vessels, as well as two 2,700 TEU containership vessels.