Maxim Group Keeps a Buy Rating on Seanergy Maritime (SHIP)

By Jason Carr

In a report issued on February 6, Tate Sullivan from Maxim Group reiterated a Buy rating on Seanergy Maritime (SHIPResearch Report), with a price target of $1.00. The company’s shares closed last Monday at $0.36, close to its 52-week low of $0.34.

According to TipRanks.com, Sullivan is a 1-star analyst with an average return of -0.7% and a 53.7% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Natural Gas Services Group, Recon Technology, and Mistras Group.

Seanergy Maritime has an analyst consensus of Hold.

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Based on Seanergy Maritime’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $747K. In comparison, last year the company had a GAAP net loss of $3.19 million.

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Seanergy Maritime Holdings Corp. is a shipping company, which engages in the seaborne transportation of dry bulk commodities. It focuses on owning and management of fleet of Capesize bulk carriers. The company was founded on January 4, 2008 and is headquartered in Athens, Greece.