Euroseas (NASDAQ:ESEA) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Euroseas Ltd. (NASDAQ:ESEA)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $70.48 and traded as high as $78.00. Euroseas shares last traded at $77.59, with a volume of 46,725 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings upgraded Euroseas from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 14th. Wall Street Zen raised shares of Euroseas from a “hold” rating to a “buy” rating in a research report on Monday, June 1st. Finally, Zacks Research downgraded shares of Euroseas from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Euroseas Stock Performance

The stock has a fifty day simple moving average of $75.07 and a two-hundred day simple moving average of $70.48. The stock has a market cap of $547.79 million, a price-to-earnings ratio of 3.99 and a beta of 0.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.38 and a current ratio of 5.46.

Euroseas (NASDAQ:ESEA) last posted its quarterly earnings results on Thursday, August 13th. The shipping company reported $4.70 EPS for the quarter, topping analysts’ consensus estimates of $4.09 by $0.61. The company had revenue of $56.50 million during the quarter, compared to analysts’ expectations of $55.98 million. Euroseas had a return on equity of 26.58% and a net margin of 59.98%. Analysts expect that Euroseas Ltd. will post 18.03 EPS for the current fiscal year.

Euroseas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 9th were issued a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.1%. Euroseas’s dividend payout ratio is 16.47%.

Insider Buying and Selling at Euroseas

In related news, insider Symeon Pariaros sold 950 shares of Euroseas stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $79.00, for a total transaction of $75,050.00. Following the sale, the insider directly owned 1,900 shares of the company’s stock, valued at approximately $150,100. The trade was a 33.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 55.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Redhawk Wealth Advisors Inc. raised its position in Euroseas by 36.2% in the second quarter. Redhawk Wealth Advisors Inc. now owns 4,149 shares of the shipping company’s stock valued at $275,000 after purchasing an additional 1,102 shares during the last quarter. State of Wyoming acquired a new position in shares of Euroseas in the first quarter valued at approximately $323,000. Public Employees Retirement System of Ohio acquired a new position in shares of Euroseas in the second quarter valued at approximately $423,000. WINTON GROUP Ltd raised its holdings in Euroseas by 33.1% in the 2nd quarter. WINTON GROUP Ltd now owns 8,036 shares of the shipping company’s stock valued at $533,000 after buying an additional 1,998 shares during the last quarter. Finally, Navellier & Associates Inc. grew its holdings in Euroseas by 94.8% during the 2nd quarter. Navellier & Associates Inc. now owns 15,562 shares of the shipping company’s stock worth $1,033,000 after acquiring an additional 7,575 shares during the last quarter. 6.27% of the stock is currently owned by institutional investors and hedge funds.

Euroseas Company Profile

Euroseas Ltd. (NASDAQ: ESEA) is a shipping company that owns and operates containerships. The company primarily focuses on feeder and intermediate-size vessels, which transport containerized cargo on regional and international trade routes and connect smaller ports with major shipping hubs.

Euroseas charters its vessels to liner companies and other customers under a combination of time-charter and voyage arrangements. Its fleet serves global container transportation markets, with operations managed from Greece and vessels registered under international shipping jurisdictions.

Founded in 2005, Euroseas is led by Aristides Pittas, who serves as chairman and chief executive officer.