Castor Maritime (NASDAQ:CTRM) Stock Price Up 1% – What’s Next?

Castor Maritime Inc. (NASDAQ:CTRM)’s share price traded up 1% on Wednesday . The company traded as high as $1.9657 and last traded at $1.95. 9,391 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 42,890 shares. The stock had previously closed at $1.93.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Castor Maritime in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Castor Maritime Stock Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 6.44 and a quick ratio of 6.41. The stock has a market capitalization of $18.84 million, a PE ratio of -1.21 and a beta of 1.25. The stock has a 50 day moving average of $1.93 and a two-hundred day moving average of $2.06.

Castor Maritime (NASDAQ:CTRM) last posted its quarterly earnings results on Wednesday, April 15th. The company reported $0.24 earnings per share for the quarter. Castor Maritime had a return on equity of 2.68% and a net margin of 23.55%.The firm had revenue of $13.33 million for the quarter.

Institutional Trading of Castor Maritime

A number of institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in Castor Maritime by 82.1% during the first quarter. Renaissance Technologies LLC now owns 73,869 shares of the company’s stock worth $137,000 after purchasing an additional 33,300 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Castor Maritime by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 26,600 shares of the company’s stock worth $61,000 after purchasing an additional 4,586 shares in the last quarter. Jane Street Group LLC purchased a new stake in Castor Maritime during the fourth quarter worth $37,000. Finally, Virtu Financial LLC purchased a new stake in Castor Maritime during the fourth quarter worth $25,000. 1.08% of the stock is currently owned by hedge funds and other institutional investors.

Castor Maritime Company Profile

Castor Maritime Inc is a global shipping company that specializes in the acquisition and operation of dry bulk carriers. The company’s fleet, comprising primarily Supramax, Ultramax and Handysize vessels, is deployed on short-, medium- and long-term time and voyage charters. Castor Maritime focuses on the seaborne transportation of dry bulk commodities such as coal, grain, iron ore, fertilizers and other industrial raw materials.

Headquartered in Athens, Greece, with a commercial office in New York, Castor Maritime serves customers across Asia, Europe and the Americas.