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Is EuroDry Ltd (EDRY) a Stock to Watch After Gaining 4.38% This Week?

Wednesday, April 14, 2021 11:50 AM | InvestorsObserver Analysts

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Is EuroDry Ltd (EDRY) a Stock to Watch After Gaining 4.38% This Week?

The market has been down on EuroDry Ltd (EDRY) stock recently. EDRY gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bearish
EuroDry Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on EDRY!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With EDRY Stock Today?

EuroDry Ltd (EDRY) stock is trading at $8.82 as of 11:44 AM on Wednesday, Apr 14, an increase of $0.42, or 5% from the previous closing price of $8.40. The stock has traded between $8.40 and $9.35 so far today. Volume today is 58,207 compared to average volume of 58,145.

To see the top 5 stocks in the Marine Shipping industry click here.

More About EuroDry Ltd

EuroDry Ltd is a holding company. It is a provider of ocean-going transportation. The company owns and operates dry bulk carriers that transport major bulks such as iron ore, coal, grains including minor bulks such as aluminum, bauxite, phosphate, and fertilizers.

Click Here to get the full Stock Score Report on EuroDry Ltd (EDRY) Stock.

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