Noble Financial analyst Poe Fratt maintained a Buy rating on Euroseas (ESEA) yesterday and set a price target of $1.30. The company’s shares closed yesterday at $0.57, close to its 52-week low of $0.53.
According to TipRanks.com, Fratt is ranked #4117 out of 5208 analysts.
Currently, the analyst consensus on Euroseas is a Moderate Buy with an average price target of $1.15.
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Based on Euroseas’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $16.03K. In comparison, last year the company had a GAAP net loss of $3.23 million.
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Euroseas Ltd. is a holding company, which engages in the provision of ocean-going transportation services. It operates containerships that transport dry and refrigerated containerized cargoes, mainly including manufactured products, and perishables.