Castor Maritime (NASDAQ:CTRM) Issues Earnings Results

Castor Maritime (NASDAQ:CTRM) released its quarterly earnings data on Wednesday. The company reported $0.08 earnings per share for the quarter, Zacks reports. Castor Maritime had a negative net margin of 40.48% and a negative return on equity of 0.38%.

Castor Maritime Stock Down 0.5%

NASDAQ:CTRM opened at $2.07 on Thursday. Castor Maritime has a 1-year low of $1.91 and a 1-year high of $4.39. The company has a 50-day moving average of $2.14 and a 200 day moving average of $2.23. The firm has a market cap of $20.00 million, a PE ratio of -0.92 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.32 and a quick ratio of 2.32.

Institutional Trading of Castor Maritime

A hedge fund recently raised its stake in Castor Maritime stock. Goldman Sachs Group Inc. raised its position in shares of Castor Maritime Inc. (NASDAQ:CTRM) by 20.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,600 shares of the company’s stock after buying an additional 4,586 shares during the quarter. Goldman Sachs Group Inc. owned about 0.28% of Castor Maritime worth $61,000 at the end of the most recent reporting period. 1.08% of the stock is owned by institutional investors.

About Castor Maritime

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.