Zacks Research Upgrades Heidmar Maritime (NASDAQ:HMR) to Hold

Heidmar Maritime (NASDAQ:HMR) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on the stock. Weiss Ratings cut shares of Heidmar Maritime from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 18th. B. Riley Financial cut their price target on shares of Heidmar Maritime from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $3.00.

Heidmar Maritime Stock Performance

Heidmar Maritime stock opened at $1.57 on Monday. Heidmar Maritime has a fifty-two week low of $0.73 and a fifty-two week high of $2.30. The stock has a market cap of $92.61 million, a PE ratio of -4.03 and a beta of -1.34. The firm’s 50-day simple moving average is $0.91 and its 200 day simple moving average is $0.97.

Heidmar Maritime Company Profile

Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes.

Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double?hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels.