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Maxim Group Sticks to Their Buy Rating for EuroDry (EDRY)

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Maxim Group analyst Tate Sullivan maintained a Buy rating on EuroDry (EDRYResearch Report) yesterday and set a price target of $50.00. The company’s shares closed last Thursday at $19.09.

According to TipRanks.com, Sullivan is a 5-star analyst with an average return of 19.1% and a 45.3% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Natural Gas Services Group, Ceco Environmental, and Seanergy Maritime.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EuroDry with a $50.00 average price target.

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The company has a one-year high of $34.65 and a one-year low of $6.11. Currently, EuroDry has an average volume of 41.77K.

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Eurodry Ltd. engages in the provision of ocean-going transportation services. It owns and operates drybulk carriers that transport major bulks such as iron ore, coal and grains, and minor bulks , which includes bauxite, phosphate, and fertilizers. The company was founded on January 8, 2018 and is headquartered in Athens, Greece.

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