--- title: "EuroDry (NASDAQ:EDRY) Director Aristeidis Pittas Sells 600 Shares of Stock" type: "News" locale: "en" url: "https://longbridge.com/en/news/296361084.md" description: "EuroDry Director Aristeidis Pittas sold 600 shares at $39.50, totaling $23,700, reducing his stake by 0.78%. He retains 76,163 shares valued at ~$3M. Meanwhile, BlackRock initiated a new position in EDRY. Analysts maintain a 'Moderate Buy' consensus with an average price target of $23.50, following recent upgrades from Zacks and Wall Street Zen." datetime: "2026-08-19T13:07:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296361084.md) - [en](https://longbridge.com/en/news/296361084.md) - [zh-HK](https://longbridge.com/zh-HK/news/296361084.md) generator: "portal-rs" --- # EuroDry (NASDAQ:EDRY) Director Aristeidis Pittas Sells 600 Shares of Stock EuroDry (NASDAQ:EDRY - Get Free Report) Director Aristeidis Pittas sold 600 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $39.50, for a total transaction of $23,700.00. Following the completion of the sale, the director directly owned 76,163 shares in the company, valued at $3,008,438.50. This trade represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. ## EuroDry Price Performance EuroDry stock opened at $41.49 on Wednesday. The firm has a 50-day moving average of $25.84 and a two-hundred day moving average of $21.85. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.28 and a quick ratio of 1.23. EuroDry has a 1 year low of $10.31 and a 1 year high of $43.30. The stock has a market cap of $119.91 million, a price-to-earnings ratio of 12.53 and a beta of 0.68. EuroDry (NASDAQ:EDRY - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $2.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $1.21. EuroDry had a net margin of 15.02% and a return on equity of 8.77%. The company had revenue of $17.70 million during the quarter, compared to analyst estimates of $17.86 million. On average, research analysts forecast that EuroDry will post 5.77 earnings per share for the current year. ## Hedge Funds Weigh In On EuroDry A hedge fund recently bought a new stake in EuroDry stock. BlackRock Inc. purchased a new position in shares of EuroDry (NASDAQ:EDRY - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,135 shares of the company's stock, valued at approximately $47,000. BlackRock Inc. owned 0.07% of EuroDry as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 2.44% of the company's stock. ## Wall Street Analysts Forecast Growth EDRY has been the topic of a number of recent analyst reports. Alliance Global Partners reaffirmed a "buy" rating on shares of EuroDry in a research report on Friday, August 7th. Zacks Research upgraded EuroDry from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 10th. Weiss Ratings lowered EuroDry from a "sell (d+)" rating to a "sell (d-)" rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen upgraded EuroDry from a "buy" rating to a "strong-buy" rating in a research note on Sunday, May 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.50. **Check Out Our Latest Stock Analysis on EDRY** ## EuroDry Company Profile (Get Free Report) EuroDry Limited is a Marshall Islands–incorporated shipping company, formed in 2005 and headquartered in Piraeus, Greece. The company is publicly traded on the NASDAQ under the symbol EDRY. Since its inception, EuroDry has focused exclusively on the marine transportation of drybulk commodities and has grown its fleet through a combination of newbuilding contracts and second-hand acquisitions. As of mid-2024, EuroDry's operating fleet comprises Capesize, Panamax and Supramax drybulk carriers, collectively providing over one million deadweight tons (dwt) of capacity. ## Featured Articles - Five stocks we like better than EuroDry - Amazon Plugs $18B Into the Southern Power Grid - Speed Sells: Cerebras Cracks the Silicon Ceiling - Amid Legal Risks, This Company Is Still Rated a Buy - The AI Boom Is Turning This Cable Maker Into a Stock to Watch *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in EuroDry Right Now? Before you consider EuroDry, you'll want to hear this. 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