EuroDry (EDRY) Projected to Post Earnings on Thursday

EuroDry (NASDAQ:EDRY) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect EuroDry to post earnings of $0.31 per share for the quarter.

EuroDry Trading Up 2.7 %

Shares of EDRY stock opened at $10.78 on Wednesday. The stock’s fifty day moving average is $11.21 and its two-hundred day moving average is $15.88. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.74 and a current ratio of 0.84. The firm has a market capitalization of $30.61 million, a P/E ratio of -4.90 and a beta of 0.76. EuroDry has a fifty-two week low of $10.04 and a fifty-two week high of $24.84.

Analyst Upgrades and Downgrades

Separately, Noble Financial downgraded EuroDry from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th.

About EuroDry

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. It owns and operates a fleet of drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. The company fleet consisted of 13 drybulk carriers comprising five Panamax drybulk carriers, two Kamsarmax, five Ultramax drybulk carriers, and one Supramax drybulk carrier with a total cargo carrying capacity of 918,502 dwt.