Seanergy Maritime (SHIP) Issues Quarterly Earnings Results

Seanergy Maritime (NASDAQ:SHIP) released its quarterly earnings data on Thursday. The shipping company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03, Morningstar.com reports. The company had revenue of $26.39 million during the quarter. Seanergy Maritime had a negative net margin of 7.33% and a negative return on equity of 16.04%.

Seanergy Maritime stock traded down $0.02 during trading hours on Friday, hitting $0.69. The company had a trading volume of 59,955 shares, compared to its average volume of 159,856. The company has a debt-to-equity ratio of 6.49, a current ratio of 0.46 and a quick ratio of 0.32. Seanergy Maritime has a 1 year low of $0.60 and a 1 year high of $1.19.

Separately, Maxim Group boosted their price objective on shares of Seanergy Maritime from $2.00 to $2.50 and gave the company a “buy” rating in a research report on Thursday, October 4th.

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Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of March 9, 2018, it owned a fleet of 11 dry bulk carriers consisting of 9 Capesizes and 2 Supramaxes with a combined cargo-carrying capacity of approximately 1,682,582 deadweight tons and an average fleet age of 8.9 years.

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Earnings History for Seanergy Maritime (NASDAQ:SHIP)

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