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Euroseas, Ltd. (ESEA) Worth Watching: Stock Surges 11%
December 02, 2013

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Euroseas, Ltd. was a big mover last session, as the company saw its shares rise by over 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up nearly 13.9% since Nov 26.

The company has seen one downward estimate revision over the past one month while the Zacks Consensus Estimate has moved lower over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Euroseas currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better ranked shipping stocks include Knightsbridge Tankers Limited (VLCCF), Navios Maritime Partners L.P. (NMM - Free Report) and Global Ship Lease, Inc. . While Knightsbridge Tankers holds a Zacks Rank #1 (Strong Buy), Navios and Global Ship each carry a Zacks Rank #2 (Buy).

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