Heidmar Maritime (NASDAQ:HMR) Rating Lowered to “Strong Sell” at Zacks Research

Heidmar Maritime (NASDAQ:HMR) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday, Zacks reports.

Several other equities research analysts have also recently issued reports on HMR. Weiss Ratings restated a “sell (e+)” rating on shares of Heidmar Maritime in a report on Thursday, August 13th. Maxim Group set a $2.25 price target on Heidmar Maritime in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $2.62.

Heidmar Maritime Trading Up 8.9%

NASDAQ:HMR opened at $1.35 on Tuesday. Heidmar Maritime has a 12-month low of $0.73 and a 12-month high of $1.71. The firm has a market cap of $79.64 million, a price-to-earnings ratio of 67.53 and a beta of -0.35. The company’s 50-day moving average is $1.22 and its two-hundred day moving average is $1.09.

Heidmar Maritime (NASDAQ:HMR) last announced its quarterly earnings data on Tuesday, September 1st. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). Heidmar Maritime had a net margin of 2.47% and a return on equity of 23.07%. The firm had revenue of $29.00 million for the quarter. On average, equities research analysts forecast that Heidmar Maritime will post 0.2 earnings per share for the current fiscal year.

About Heidmar Maritime

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.