EuroDry (NASDAQ:EDRY) Announces Earnings Results

EuroDry (NASDAQ:EDRY) released its quarterly earnings data on Monday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.56), Zacks reports. EuroDry had a negative return on equity of 4.83% and a negative net margin of 9.64%.

EuroDry Stock Down 2.1 %

EDRY opened at $10.50 on Monday. The stock has a market capitalization of $29.82 million, a P/E ratio of -4.77 and a beta of 0.76. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 0.84. EuroDry has a one year low of $10.04 and a one year high of $24.84. The business’s 50-day simple moving average is $11.09 and its 200-day simple moving average is $15.67.

Analysts Set New Price Targets

Separately, Noble Financial cut shares of EuroDry from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th.

EuroDry Company Profile

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. It owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. The company fleet consisted of 13 drybulk carriers comprising five Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 918,502 dwt.