Heidmar Maritime (NASDAQ:HMR) Stock Rating Upgraded by Zacks Research

Heidmar Maritime (NASDAQ:HMR) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

HMR has been the topic of a number of other reports. Weiss Ratings downgraded shares of Heidmar Maritime from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. B. Riley Financial dropped their target price on shares of Heidmar Maritime from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $3.00.

Heidmar Maritime Stock Up 4.7%

Shares of NASDAQ:HMR opened at $1.57 on Monday. The company has a market cap of $92.61 million, a PE ratio of -4.03 and a beta of -1.34. The company’s 50-day moving average price is $0.91 and its 200 day moving average price is $0.97. Heidmar Maritime has a fifty-two week low of $0.73 and a fifty-two week high of $2.30.

Heidmar Maritime Company Profile

Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes.

Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double‐hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels.