Is EuroDry Ltd (EDRY) Stock About to Get Hot Tuesday?

The market has been high on EuroDry Ltd (EDRY) stock recently. EDRY gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

EuroDry Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EDRY!

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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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With EDRY Stock Today?

EuroDry Ltd (EDRY) stock has gained 6.1% while the S&P 500 is down -0.25% as of 11:22 AM on Tuesday, Aug 9. EDRY has risen $1.08 from the previous closing price of $17.71 on volume of 55,741 shares. Over the past year the S&P 500 has fallen -6.83% while EDRY is down -22.07%. EDRY earned $14.18 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 1.31. To see InvestorsObserver's Sentiment Score for EuroDry Ltd 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 Report for EuroDry Ltd stock.