Stock Buzzer: Today Euroseas Ltd. Stock Reaches 52-Week High

Stock Buzzer: Today Euroseas Ltd. Stock Reaches 52 Week High

The stock of Euroseas Ltd. (NASDAQ:ESEA) hit a new 52-week high and has $13.16 target or 115.00% above today’s $6.12 share price. The 9 months bullish chart indicates low risk for the $154.74 million company. The 1-year high was reported on Nov, 16 by Barchart.com. If the $13.16 price target is reached, the company will be worth $177.95M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 3.96M shares traded hands or 579.85% up from the average. Euroseas Ltd. (NASDAQ:ESEA) has risen 125.91% since April 14, 2016 and is uptrending. It has outperformed by 121.22% the S&P500.

According to Zacks Investment Research, “EUROSEAS LTD. was formed under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 136 years. Euroseas trades on the NASDAQ Global Select Market under the ticker ESEA. Euroseas operates in the dry cargo, drybulk and container shipping markets. Euroseas’ operations are managed by Eurobulk Ltd., an ISO 9001:2000 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroseas employs its vessels on spot and period charters and through pool arrangements.”

More news for Euroseas Ltd. (NASDAQ:ESEA) were recently published by: Marketwatch.com, which released: “Euroseas Ltd. NASDAQ: ESEA” on April 21, 2010. Wsj.com‘s article titled: “Euroseas Ltd. Scales Back Amid Falling Dry Bulk Freight Rates” and published on January 05, 2016 is yet another important article.

ESEA Company Profile

Euroseas Ltd., incorporated on May 5, 2005, is engaged in the shipping business. The Firm is an owner and operator of drybulk and container carrier vessels and is a well-known provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company’s operations. The Firm also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers.

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