Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)’s stock price fell 5% during mid-day trading on Wednesday . The stock traded as low as $0.57 and last traded at $0.57, 19,630 shares were traded during mid-day trading. A decline of 92% from the average session volume of 255,565 shares. The stock had previously closed at $0.60.
Several brokerages have recently issued reports on SHIP. ValuEngine raised Seanergy Maritime from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research raised Seanergy Maritime from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Noble Financial set a $2.00 target price on Seanergy Maritime and gave the stock a “buy” rating in a research report on Wednesday, August 7th.
The stock has a market cap of $13.99 million, a P/E ratio of -0.11 and a beta of 0.84. The firm has a 50-day moving average price of $0.56 and a 200-day moving average price of $1.42. The company has a debt-to-equity ratio of 5.76, a quick ratio of 0.21 and a current ratio of 0.27.
A number of hedge funds have recently bought and sold shares of the stock. Anson Funds Management LP bought a new position in Seanergy Maritime during the 2nd quarter valued at approximately $163,000. Verition Fund Management LLC bought a new position in Seanergy Maritime during the 2nd quarter valued at approximately $261,000. Finally, Morgan Stanley bought a new position in Seanergy Maritime during the 2nd quarter valued at approximately $27,000. 11.72% of the stock is owned by institutional investors.
Seanergy Maritime Company Profile (NASDAQ:SHIP)
Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of April 4, 2019, it owned a fleet of 10 Capesizes with a cargo-carrying capacity of approximately 1,748,581 deadweight tons and an average fleet age of 10 years.
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