Castor Maritime (NASDAQ:CTRM) Trading Down 3%

Castor Maritime Inc. (NASDAQ:CTRM)’s share price fell 3% during trading on Wednesday . The stock traded as low as $3.04 and last traded at $3.04. 54,350 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 74,770 shares. The stock had previously closed at $3.13.

Castor Maritime Stock Down 3.0 %

The company has a debt-to-equity ratio of 0.14, a current ratio of 8.47 and a quick ratio of 8.44. The stock has a market capitalization of $29.32 million, a P/E ratio of 1.21 and a beta of 0.83. The firm has a 50-day simple moving average of $3.85 and a 200 day simple moving average of $4.08.

Castor Maritime (NASDAQ:CTRM) last posted its earnings results on Thursday, February 8th. The company reported $1.00 EPS for the quarter. The firm had revenue of $26.36 million during the quarter. Castor Maritime had a return on equity of 6.39% and a net margin of 39.63%.

Hedge Funds Weigh In On Castor Maritime

An institutional investor recently bought a new position in Castor Maritime stock. Privium Fund Management UK Ltd bought a new stake in Castor Maritime Inc. (NASDAQ:CTRM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 154,987 shares of the company’s stock, valued at approximately $66,000. Privium Fund Management UK Ltd owned about 0.16% of Castor Maritime at the end of the most recent quarter. Hedge funds and other institutional investors own 1.08% of the company’s stock.

Castor Maritime Company Profile

Castor Maritime Inc provides shipping services worldwide. The company operates through Dry Bulk Vessels and Containerships segments. It offers seaborne transportation services for dry bulk cargo; and commodities, such as iron ore, coal, soybeans, etc. As of December 31, 2023, the company owned and operated a fleet of 17 vessels primarily consisting of one Capesize, five Kamsarmax, two Handysize tanker vessels, and nine Panamax dry bulk vessels, as well as two 2,700 TEU containership vessels.