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Costamare (CMRE) in Focus: Stock Jumps 7.9% in Session

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Costamare Inc. (CMRE - Free Report) was a big mover last session, as the company saw its shares rise nearly 8% on the day. Shares gained after the company declared a quarterly dividend on its preferred and common stock. The news led to far more shares changing hands than in a normal session resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $5.57 to $5.87 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Costamare currently carries a Zacks Rank #5 (Strong Sell), while its Earnings ESP is negative.

A better-ranked stock in the same space is Golden Ocean Group Limited (GOGL - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is CMRE going up? Or down? Predict to see what others think: Up or Down

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Costamare Inc. (CMRE) - free report >>

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