Today’s Stock On Watch: Euroseas Ltd. Can’t Be More Risky. Trades Sigfnicicantly Lower

Today's Stock On Watch: Euroseas Ltd. Can't Be More Risky. Trades Sigfnicicantly Lower

The stock of Euroseas Ltd. (NASDAQ:ESEA) is a huge mover today! About 2.69M shares traded hands or 105.34% up from the average. Euroseas Ltd. (NASDAQ:ESEA) has risen 25.00% since April 18, 2016 and is uptrending. It has outperformed by 20.57% the S&P500.
The move comes after 7 months negative chart setup for the $10.81M company. It was reported on Nov, 18 by Barchart.com. We have $2.07 PT which if reached, will make NASDAQ:ESEA worth $1.19 million less.

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.”

Another recent and important Euroseas Ltd. (NASDAQ:ESEA) news was published by Wsj.com which published an article titled: “Euroseas Ltd. Scales Back Amid Falling Dry Bulk Freight Rates” on January 05, 2016.

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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