Castor Maritime (NASDAQ:CTRM) Shares Up 4.5% – Here’s What Happened
by Jessica Moore · The Cerbat GemCastor Maritime Inc. (NASDAQ:CTRM – Get Free Report)’s share price rose 4.5% on Wednesday . The company traded as high as $1.86 and last traded at $1.86. Approximately 105,337 shares changed hands during mid-day trading, an increase of 147% from the average daily volume of 42,644 shares. The stock had previously closed at $1.78.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Castor Maritime in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.
Read Our Latest Stock Report on CTRM
Castor Maritime Stock Performance
The company has a debt-to-equity ratio of 0.03, a current ratio of 5.61 and a quick ratio of 5.61. The stock has a market capitalization of $17.97 million, a PE ratio of -0.60 and a beta of 1.09. The stock has a 50 day moving average of $2.04 and a two-hundred day moving average of $2.08.
Castor Maritime (NASDAQ:CTRM – Get Free Report) last posted its earnings results on Wednesday, April 15th. The company reported $0.24 EPS for the quarter. The company had revenue of $13.33 million for the quarter. Castor Maritime had a negative return on equity of 3.65% and a negative net margin of 37.42%.
Institutional Trading of Castor Maritime
A number of institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in Castor Maritime by 20.8% during the first quarter. Goldman Sachs Group Inc. now owns 26,600 shares of the company’s stock worth $61,000 after purchasing an additional 4,586 shares in the last quarter. Jane Street Group LLC purchased a new stake in Castor Maritime during the fourth quarter worth $37,000. Finally, Virtu Financial LLC purchased a new stake in Castor Maritime during the fourth quarter worth $25,000. 1.08% of the stock is currently owned by hedge funds and other institutional investors.
Castor Maritime Company Profile
Castor Maritime Inc is a global shipping company that specializes in the acquisition and operation of dry bulk carriers. The company’s fleet, comprising primarily Supramax, Ultramax and Handysize vessels, is deployed on short-, medium- and long-term time and voyage charters. Castor Maritime focuses on the seaborne transportation of dry bulk commodities such as coal, grain, iron ore, fertilizers and other industrial raw materials.
Headquartered in Athens, Greece, with a commercial office in New York, Castor Maritime serves customers across Asia, Europe and the Americas.