The latest announcement is out from EuroDry ( (EDRY) ).
EuroDry Ltd. reported its financial results for the fourth quarter and full year of 2024, revealing a net loss of $3.3 million for the quarter and $9.7 million for the year. The company highlighted a challenging drybulk market, with low trade volumes and decreased demand from China impacting revenues. Despite these challenges, EuroDry anticipates market recovery in 2025, supported by Chinese government stimuli and seasonal market improvements. Recent strategic moves include the signing of contracts for new vessel construction and the sale of an older vessel, M/V Tasos, to capitalize on potential investment opportunities.
More about EuroDry
EuroDry Ltd. is a company based in Greece that operates in the drybulk shipping industry. It owns and operates drybulk vessels, providing seaborne transportation for drybulk cargoes.
YTD Price Performance: -7.45%
Average Trading Volume: 10,063
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $29.27M
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