Euroseas Ltd. (ESEA) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 23. At the lunch break, shares of ESEA have tacked on 3.92% to $2.12 after closing the day prior at $2.04. In the first two and a half hours of trading, the stock has gone as high as $2.14 and as low as $2.01. Today’s rise has come with about 2,279 shares changing hands, compared to an average 30-day volume of 83,621 for Euroseas Ltd.. The price is currently below the 30-day volume weighted average price of $2.11 for ESEA.
The share appreciation gives the company a market capitalization of $16.72 million based upon 8.2 million shares outstanding. It also means that ESEA has a price-to-book ratio of 0.42:1.
In the past 52 weeks, shares of ESEA have traded as low as $1.4 and as high as $4.96. Technical traders will take note that at $2.12, shares of ESEA are trading below their 200-day MA at $2.14 and above their 50-day MA at $2.01. 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 ESEA?
Euroseas Ltd provides ocean-going transportation services. It owns and operates containerships that transport dry and refrigerated containerized cargoes, mainly including manufactured products and perishables. The company’s 350 employees are led by CEO Aristides J. Pittas from the corporate headquarters at 4 Messogiou & Evropis Street in Maroussi, .
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