Heidmar Maritime (NASDAQ:HMR) Stock Rating Upgraded by Zacks Research

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

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Heidmar Maritime in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $2.62.

Heidmar Maritime Trading Up 3.0%

Shares of NASDAQ:HMR opened at $1.72 on Wednesday. The firm’s 50 day moving average is $1.42 and its two-hundred day moving average is $1.18. The firm has a market capitalization of $101.46 million, a P/E ratio of 86.04 and a beta of -0.49. Heidmar Maritime has a 52 week low of $0.73 and a 52 week high of $2.02.

Heidmar Maritime (NASDAQ:HMR) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Heidmar Maritime had a net margin of 2.47% and a return on equity of 21.68%. The firm had revenue of $29.00 million for the quarter. Analysts predict that Heidmar Maritime will post 0.2 EPS for the current year.

Heidmar Maritime Company Profile

Heidmar Maritime Holdings Corp. (NASDAQ: HMR) is a maritime transportation and commercial management company focused primarily on the global tanker sector. Through its operating businesses and affiliated tanker pools, the company provides commercial, operational and logistical services for vessel owners and charterers.

Heidmar’s activities include vessel commercial management, chartering, voyage planning, freight procurement and pool administration. Its platform has historically served segments such as crude oil, petroleum products and chemical tankers, helping customers coordinate vessel employment and cargo transportation in international markets.

Founded in 1984, Heidmar has developed a global operating presence through relationships with shipowners, charterers and energy companies.