Seanergy Maritime (NASDAQ:SHIP) Announces Quarterly Earnings Results

Seanergy Maritime (NASDAQ:SHIP) issued its quarterly earnings data on Thursday. The shipping company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.26), Zacks reports. Seanergy Maritime had a return on equity of 19.01% and a net margin of 28.37%.

Seanergy Maritime Price Performance

Shares of Seanergy Maritime stock traded up $0.22 on Thursday, reaching $7.12. The company’s stock had a trading volume of 92,360 shares, compared to its average volume of 265,770. Seanergy Maritime has a 52-week low of $6.55 and a 52-week high of $13.19. The company has a market capitalization of $147.29 million, a P/E ratio of 3.05 and a beta of 0.45. The company has a quick ratio of 0.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average price of $6.96 and a 200-day moving average price of $8.78.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SHIP shares. StockNews.com lowered Seanergy Maritime from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Maxim Group cut their price target on shares of Seanergy Maritime from $17.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, February 3rd.

About Seanergy Maritime

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp.