Eagle Bulk Shipping Inc. (EGLE) is one of the best performing stocks in the services sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of EGLE have climbed 4.44% about 30 minutes into the session to $7.06 after closing the day prior at $6.76. It’s early, but the stock has traded as high as $7.06 and as low as $6.79 so far. Today’s quick advance has come with about 11,257 shares changing hands, compared to an average 30-day volume of 324,610 for Eagle Bulk Shipping Inc.. The price is currently below the 30-day volume weighted average price of $6.97 for EGLE.
The share appreciation gives the company a market capitalization of $127.12 million based upon 18.8 million shares outstanding. It also means that EGLE has a price-to-book ratio of 0.28:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of EGLE have traded as low as $5.01 and as high as $150.8. Technical traders will take note that at $7.06, shares of EGLE are trading below their 200-day MA at $19.15 and below their 50-day MA at $7.36. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is EGLE?
Eagle Bulk Shipping Inc is engaged in the ocean transportation of cargoes, including iron ores, coal, grains, cement and fertilizers along international shipping routes. The company’s 900 employees are led by CEO Gary Vogel from the corporate headquarters at 300 First Stamford Place.
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