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Thursday September 26, 2019
EuroDry (EDRY)
Moving Estimates Higher to Reflect Dry Bulk Market Improvement
EuroDry operates in the dry bulk shipping markets. EuroDry’s operations are managed by Eurobulk Ltd., an affiliated ship management company, and Eurobulk FE (Far East) Ltd, which are responsible for the day-to-day commercial and technical management and operation of the fleet. EuroDry employs the fleet on spot and period charters and through pool arrangements.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Dry Bulk market has improved despite continued trade overhang. Despite the continued overhang of global trade tensions and sluggish global economic growth, the dry bulk market has been stronger than expected.
- Adjusting our 2019 EBITDA estimate to current dry bulk market environment. We are increasing our adjusted 2019 EBITDA estimate to $10.8 million from $10.4 million, mainly due to an increase in…
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This Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst
certification and important disclosures included in full report.
NOTE: investment decisions should not be based upon the content of
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