|Bid||4.4500 x 900|
|Ask||4.6000 x 1000|
|Day's Range||4.4500 - 4.7500|
|52 Week Range||3.9950 - 18.9990|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Castor Maritime earnings for the company's six months ended on March 31, 2019 have CTRM stock up on Tuesday.Source: Shutterstock The most recent earnings results from Castor Maritime (NASDAQ:CTRM) mark its first report after joining the stock market as a publicly-traded company. The company starts it off by reporting losses per share of 40 cents for the period. Its losses per share from the same time last year were 21 cents.The Castor Maritime earnings results for its last six months also include net income of $332,411. This is a massive increase over the company's net income of $160,644 reported in its six months from the same time in 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCastor Maritime earnings also have it bringing in operating income of $317,804 for its most recent six months. The company's operating income from the same six months in the previous year was $172,759.Revenue reported by Castor Maritime for the last six months of business comes in at $2.04 million. This is much better than the international shipping company's revenue of $1.70 million reported in the same period of the year prior. * 6 Big Dividend Stocks to Buy as Yields Plunge "We are very pleased with our performance for the six months ended March 31, 2019, the first period we report results as a NASDAQ listed entity," Petros Panagiotidis, Chairmand and CEO of Castor Maritime, said in a statement . "We believe that the dry bulk market will be rewarding in the years to come despite the normal shorter-term volatility exhibited. In this context, we are focused on taking advantage of market opportunities in order to maximize our profitability and opportunistically enlarge our fleet."CTRM stock was up 34% as of Tuesday afternoon. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Sell Impacted by the Mexican Tariffs * 6 Big Dividend Stocks to Buy as Yields Plunge * The 10 Biggest Announcements From Apple WWDC 2019 As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Castor Maritime Earnings: Why CTRM Stock Is Skyrocketing Today appeared first on InvestorPlace.
Financial Highlights of the Six Months Ended March 31, 2019: Voyage revenues: $2.04 million for the six months ended March 31, 2019, as compared to $1.70 million for the six.
Castor Maritime Inc. (CTRM), (the “Company”), an international shipping company specializing in the ownership of dry-bulk vessels, today announced that, through a wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GMBH & Co KG Luebeck for its Panamax vessel Magic P. The gross charter rate is US$ 11,250 per day, for a period of a minimum of five (5) months up to a maximum of about eight (8) months (for the first 30 days period the daily gross rate is US$ 9,000). The “Magic P” is a 76,453 dwt Panamax bulk carrier built in 2004 in Japan. All things being equal, this employment is anticipated to generate approximately US$ 1.60 million of gross revenue for the minimum scheduled period of the time charter and could reach US$ 2.60 million should employment be extended to its maximum period.