Streetbeat News

CTRM

Castor Maritime Inc.

https://www.castormaritime.com

Industry

Marine Shipping

Castor Maritime Inc. provides shipping services worldwide. The company operates through three segments: Dry Bulk, Aframax/LR2 Tanker, and Handysize Tanker. It offers seaborne transportation services for dry bulk cargo; commodities, such as iron ore, coal, soybeans, etc.; and crude oil and refined petroleum products. As of December 31, 2021, the company owned and operated a fleet of 29 vessels primarily consisting of two Handysize tanker vessels, seven Aframax/LR2 tanker vessels, and 14 dry bulk vessels. Castor Maritime Inc. was incorporated in 2017 and is based in Limassol, Cyprus.

Open

3.46

Mkt cap

34M

Volume

39K

High

3.62

P/E Ratio

0.96

52-wk high

6.50

Low

3.46

Div yield

N/A

52-wk low

3.01

The article highlights the pre-market movements of 12 industrial stocks on Friday. Notable gainers include Getaround (NYSE:GETR) up 17%, SOS (NYSE:SOS) up 9%, and AgEagle Aerial Systems (AMEX:UAVS) up 8.16%. On the losing side, Pineapple Energy (NASDAQ:PEGY) fell 16.9%, Expion360 (NASDAQ:XPON) dropped 9.78%, and Primech Holdings (NASDAQ:PMEC) decreased by 8.33%.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 12:07 pm

The article highlights significant intraday movements in industrial stocks on Thursday. Notable gainers include Greenwave Tech Solns (GWAV), Pineapple Energy (PEGY), and Nauticus Robotics (KITT). Significant losers include SunPower (SPWR), Spire Global (SPIR), and Shimmick (SHIM).

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 4:31 pm

Castor Maritime shares are trading higher following the company's announcement of a year-over-year increase in Q1 EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:48 pm

Castor Maritime reported Q1 2024 earnings per share (EPS) of $1.09, a significant improvement from a loss of $(0.69) in the same quarter last year. However, revenue decreased to $20.4 million from $24.5 million year-over-year.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 1:07 pm

Castor Maritime Inc. (NASDAQ:CTRM) has launched a tender offer to buy back all of its 10,330,770 outstanding Common Share Purchase Warrants at $0.105 each, aiming to reduce the potential dilution of its common shares. The offer, funded by cash and equivalents, is not dependent on financing or a minimum tender amount but is subject to certain conditions. Maxim Group LLC is the dealer manager for the offer, which expires on May 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:14 pm

In Wednesday's pre-market session, several industrials stocks showed significant movement. Agrify (AGFY) led the gainers with a 65.9% increase following its Q4 earnings report. Other notable gainers include Pineapple Energy (PEGY), Complete Solaria (CSLR), and Beam Global (BEEM), with their stocks rising due to various factors. On the losing side, iSun (ISUN) experienced the largest drop of 12.7% after its Q4 earnings release, followed by Castor Maritime (CTRM) and Dragonfly Energy Holdings (DFLI). The movements were largely influenced by recent earnings reports.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 12:08 pm

In Tuesday's pre-market session, several industrials stocks showed significant movement. Dragonfly Energy Holdings (DFLI) and Agrify (AGFY) reported Q4 earnings, leading to a 56.0% increase in DFLI's stock to $0.7 and an 8.69% rise in AGFY's stock to $0.32. Markforged Holding (MKFG), Enovix (ENVX), noco-noco (NCNC), and Castor Maritime (CTRM) also saw gains. Conversely, Skillsoft (SKIL) reported Q4 earnings, resulting in a 19.6% decrease in its stock to $7.4. Complete Solaria (CSLR), Flux Power Holdings (FLUX), Lennox Intl (LII), Erayak Power Solution Gr (RAYA), and NN (NNBR) experienced declines.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 12:07 pm

Castor Maritime has regained compliance with the Nasdaq's minimum bid price requirement, ensuring its continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:16 pm

Trading halt status was updated at 8:55:00 AM ET, indicating a resumption of quotations. The update may involve CTRM, suggesting a potential impact on its stock.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:55 pm

Trading for CTRM was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 11:50 pm

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