United Maritime (NASDAQ:USEA) Announces Quarterly Earnings Results

United Maritime (NASDAQ:USEA) posted its quarterly earnings data on Tuesday. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.32, Zacks reports. United Maritime had a negative net margin of 14.64% and a negative return on equity of 9.88%.

United Maritime Stock Up 5.8%

USEA stock traded up $0.09 during midday trading on Tuesday, reaching $1.65. The company had a trading volume of 43,010 shares, compared to its average volume of 46,485. The company has a 50 day moving average of $1.66 and a two-hundred day moving average of $1.53. The company has a market capitalization of $15.13 million, a P/E ratio of -2.28 and a beta of 0.90. United Maritime has a 1 year low of $1.00 and a 1 year high of $2.22. The company has a current ratio of 0.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.84.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of United Maritime in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

About United Maritime

United Maritime Corporation, a shipping company, offers seaborne transportation services worldwide. It operates a fleet of eight dry bulk vessels comprising three Panamax, three Capesize, and two Kamsarmax vessels with an aggregate cargo-carrying capacity of approximately 922,054 dwt. The company was incorporated in 2022 and is based in Glyfada, Greece.