Heidmar Maritime (NASDAQ:HMR) Trading 2.2% Higher – Here’s What Happened

Heidmar Maritime Holdings Corp. (NASDAQ:HMRGet Free Report)’s share price traded up 2.2% during mid-day trading on Tuesday . The company traded as high as $1.52 and last traded at $1.39. 89,674 shares were traded during trading, an increase of 67% from the average session volume of 53,804 shares. The stock had previously closed at $1.36.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HMR. Maxim Group set a $2.25 price target on shares of Heidmar Maritime in a research report on Thursday, May 28th. Zacks Research upgraded shares of Heidmar Maritime from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Heidmar Maritime in a report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.62.

Read Our Latest Stock Report on Heidmar Maritime

Heidmar Maritime Price Performance

The stock has a market capitalization of $82.00 million, a price-to-earnings ratio of -5.56 and a beta of -0.46. The firm’s fifty day moving average is $1.20 and its 200-day moving average is $1.05.

Heidmar Maritime Company Profile

(Get Free Report)

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.

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