Maxim Group Reiterates “Buy” Rating for Seanergy Maritime (NASDAQ:SHIP)

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Maxim Group restated their buy rating on shares of Seanergy Maritime (NASDAQ:SHIP) in a research note published on Saturday morning, Stock Target Advisor reports. Maxim Group currently has a $0.30 price target on the shipping company’s stock.

SHIP has been the topic of a number of other research reports. Zacks Investment Research lowered Seanergy Maritime from a hold rating to a strong sell rating in a report on Tuesday, June 23rd. ValuEngine raised Seanergy Maritime from a hold rating to a buy rating in a report on Thursday, April 2nd.

Shares of SHIP stock opened at $2.14 on Friday. The stock’s 50-day moving average is $0.16 and its two-hundred day moving average is $0.28. The firm has a market cap of $44.46 million, a price-to-earnings ratio of -1.88 and a beta of 1.20. Seanergy Maritime has a 1 year low of $1.92 and a 1 year high of $14.37. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.08 and a current ratio of 0.09.

Seanergy Maritime (NASDAQ:SHIP) last issued its quarterly earnings data on Thursday, June 25th. The shipping company reported ($0.31) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.31). The company had revenue of $13.34 million for the quarter, compared to analyst estimates of $16.47 million. Seanergy Maritime had a negative return on equity of 41.71% and a negative net margin of 13.60%. As a group, research analysts predict that Seanergy Maritime will post -0.06 EPS for the current year.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp., an international shipping company, engages in the seaborne transportation of drybulk commodities worldwide. As of April 4, 2019, it owned a fleet of 10 Capesizes with a cargo-carrying capacity of approximately 1,748,581 deadweight tons and an average fleet age of 10 years.

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