Paragon Shipping (NASDAQ:PRGN) issued its quarterly earnings data on Monday. The company reported ($0.35) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.34) by $0.01, MarketBeat.com reports. The company had revenue of $10.25 million for the quarter, compared to the consensus estimate of $13.24 million.
Shares of Paragon Shipping (NASDAQ:PRGN) opened at 0.69 on Monday. Paragon Shipping has a one year low of $0.67 and a one year high of $6.14. The stock’s 50-day moving average is $0. and its 200-day moving average is $1.. The company’s market cap is $17.19 million.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating and set a $2.50 price target (down previously from $5.00) on shares of Paragon Shipping in a research note on Monday, April 27th.
On the ratings front, analysts at MLV & Co. set a $2.00 price target on shares of Paragon Shipping and gave the company a “hold” rating in a research note on Wednesday, April 1st. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Paragon Shipping currently has an average rating of “Hold” and an average price target of $4.43.
Paragon Shipping Inc is a provider of shipping transportation services. The Company is engaged in transporting drybulk cargoes, including commodities, such as iron ore, coal, grain and other materials, across the world shipping routes. The Company’s operating fleet consisted of eight Panamax drybulk carriers, two Supramax drybulk carriers and four Handysize drybulk carriers.
