Heidmar Maritime (NASDAQ:HMR) Cut to “Strong Sell” at Zacks Research

Heidmar Maritime (NASDAQ:HMR) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday, Zacks reports.

Other equities research analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Heidmar Maritime in a research report on Thursday, August 13th. Maxim Group set a $2.25 price target on Heidmar Maritime in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $2.62.

Heidmar Maritime Trading Up 8.9%

Shares of Heidmar Maritime stock opened at $1.35 on Tuesday. The firm has a fifty day simple moving average of $1.22 and a 200-day simple moving average of $1.09. The stock has a market capitalization of $79.64 million, a price-to-earnings ratio of 67.53 and a beta of -0.35. Heidmar Maritime has a 1-year low of $0.73 and a 1-year high of $1.71.

Heidmar Maritime (NASDAQ:HMR) last posted its 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). The firm had revenue of $29.00 million during the quarter. Heidmar Maritime had a net margin of 2.47% and a return on equity of 23.07%. As a group, research analysts predict that Heidmar Maritime will post 0.2 earnings per share for the current year.

About Heidmar Maritime

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.