Euroseas, Ltd. (ESEA) was a big mover last session, as the company saw its shares rise by nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $1.15 to $1.31 in the past one month time frame.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Euroseas currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked shipping stocks include Baltic Trading Limited (BALT), Diana Containerships Inc. (DCIX) and Knightsbridge Tankers Limited (VLCCF). All these stocks hold a Zacks Rank #1 (Strong Buy).
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