The stock of Castor Maritime Inc. (NASDAQ:CTRM) last traded at $1.22, down -0.81% from the previous session.
CTRM stock price is now -4.16% away from the 50-day moving average and -17.73% away from the 200-day moving average. The market capitalization of the company currently stands at $111.68M.
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There have been several recent changes in the stakes of large investors in CTRM stock. A new stake in Castor Maritime Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $198,000. TWO SIGMA ADVISERS, LP invested $17,000 in shares of CTRM during the first quarter. In the first quarter, EP WEALTH ADVISORS, LLC acquired a new stake in Castor Maritime Inc. valued at approximately $12,000. In total, there are 34 active investors with 1.40% ownership of the company’s stock.
With an opening price of $1.2300 on Monday morning, Castor Maritime Inc. (NASDAQ: CTRM) set off the trading day. During the past 12 months, Castor Maritime Inc. has had a low of $1.00 and a high of $2.45. As of last week, the company has a debt-to-equity ratio of 0.32, a current ratio of 3.70, and a quick ratio of 3.50. The fifty day moving average price for CTRM is $1.2730 and a two-hundred day moving average price translates $1.4829 for the stock.
The latest earnings results from Castor Maritime Inc. (NASDAQ: CTRM) was released for Jun, 2022. The net profit margin was 40.50% and return on equity was 26.80% for CTRM. The company reported revenue of $70.64 million for the quarter, compared to $43.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 63.24 percent.
Castor Maritime Inc.(CTRM) Company Profile
Castor Maritime Inc. provides shipping services worldwide. The company operates through three segments: Dry Bulk, Aframax/LR2 Tanker, and Handysize Tanker. It offers seaborne transportation services for dry bulk cargo; commodities, such as iron ore, coal, soybeans, etc.; and crude oil and refined petroleum products. As of December 31, 2021, the company owned and operated a fleet of 29 vessels primarily consisting of two Handysize tanker vessels, seven Aframax/LR2 tanker vessels, and 14 dry bulk vessels. Castor Maritime Inc. was incorporated in 2017 and is based in Limassol, Cyprus.
