United Maritime (NASDAQ:USEA) Cut to “Hold” at Wall Street Zen
by Michael Walen · The Markets DailyWall Street Zen downgraded shares of United Maritime (NASDAQ:USEA – Free Report) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.
Separately, Weiss Ratings downgraded shares of United Maritime from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Read Our Latest Research Report on United Maritime
United Maritime Price Performance
Shares of NASDAQ USEA opened at $2.31 on Friday. United Maritime has a 52 week low of $1.42 and a 52 week high of $3.20. The business’s 50 day moving average price is $2.71 and its 200 day moving average price is $2.41. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 1.45. The firm has a market cap of $22.04 million, a P/E ratio of 17.86 and a beta of 0.83.
Institutional Investors Weigh In On United Maritime
A hedge fund recently raised its stake in United Maritime stock. Renaissance Technologies LLC lifted its position in shares of United Maritime Corporation (NASDAQ:USEA – Free Report) by 208.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,535 shares of the company’s stock after purchasing an additional 157,235 shares during the quarter. Renaissance Technologies LLC owned 2.44% of United Maritime worth $470,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.63% of the company’s stock.
About United Maritime
United Maritime Corporation (NASDAQ: USEA) is a global shipping company engaged in the ownership and operation of oceangoing vessels. The company primarily provides seaborne transportation services for dry bulk commodities and liquid cargoes through its fleet of dry bulk carriers and tankers.
United Maritime’s vessels transport commodities such as grains, coal, and other dry bulk materials, as well as petroleum products and related liquid cargoes. The company generates revenue by employing its vessels under voyage charters, time charters, and other commercial arrangements with customers in international shipping markets.
Founded in 2021, United Maritime is headquartered in Greece and serves customers and trading routes worldwide.