EuroDry (EDRY) Scheduled to Post Quarterly Earnings on Thursday

EuroDry (NASDAQ:EDRY) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 14th. Analysts expect the company to announce earnings of ($0.46) per share for the quarter.

EDRY traded down $0.50 during midday trading on Tuesday, reaching $7.70. The company’s stock had a trading volume of 9 shares, compared to its average volume of 965. The firm has a market capitalization of $18.69 million, a price-to-earnings ratio of 32.08 and a beta of -0.89. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. EuroDry has a 1 year low of $6.51 and a 1 year high of $13.40. The stock’s 50-day moving average is $8.04 and its 200-day moving average is $7.72.

A number of equities research analysts have weighed in on EDRY shares. Maxim Group set a $9.00 price objective on shares of EuroDry and gave the stock a “buy” rating in a report on Friday, August 9th. Zacks Investment Research lowered shares of EuroDry from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Noble Financial restated a “buy” rating and issued a $13.50 target price on shares of EuroDry in a report on Thursday, September 26th. Finally, ValuEngine lowered shares of EuroDry from a “buy” rating to a “hold” rating in a report on Friday.

EuroDry Company Profile

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks comprising bauxite, phosphate, and fertilizers. As of November 15, 2018, it operated a fleet of six vessels, including one Ultramax, two Kamsarmax, and three Panamax drybulk carriers with a cargo capacity of 453,086 deadweight tons.

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Earnings History for EuroDry (NASDAQ:EDRY)

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