EuroDry (NASDAQ:EDRY) Posts Quarterly Earnings Results, Misses Estimates By $0.56 EPS

EuroDry (NASDAQ:EDRY) posted its earnings results 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 net margin of 9.64% and a negative return on equity of 4.83%.

EuroDry Price Performance

EDRY opened at $10.63 on Tuesday. The stock has a market capitalization of $30.15 million, a PE ratio of -4.83 and a beta of 0.76. The stock’s 50 day moving average price is $11.07 and its 200-day moving average price is $15.59. EuroDry has a 52-week low of $10.04 and a 52-week high of $24.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 0.84.

Analysts Set New Price Targets

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

About EuroDry

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.