Costamare Inc. stock performance trend indicates that the stock price has rallied 22.93% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -23.74% . Looking at the past 52 week period, the stock price is down -25.85% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Costamare Inc. has a negative value of -45.26 compared to overall market performance.Based on the Stock Research the Relative Strength Index signal is in over bought territory with a range of 72.63.
Costamare Inc. (NYSE:CMRE) has climbed 13.33% in the past week and advanced 15.21% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 13.06% and the outperformance has advanced to 13.89% for the last 4 weeks period.
Company shares have received an average consensus rating of Hold for the current week Costamare Inc. (NYSE:CMRE) : On Friday heightened volatility was witnessed in Costamare Inc. (NYSE:CMRE) which led to swings in the share price. The stock opened for trading at $6.9 and hit $7.06 on the upside , eventually ending the session at $6.97, with a gain of 1.46% or 0.1 points. The heightened volatility saw the trading volume jump to 1,591,143 shares. The 52-week high of the share price is $11 and the company has a market cap of $637 million. The 52-week low of the share price is at $5.07 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Costamare Inc was Upgraded by Stifel on Feb 13, 2017 to Hold, Price Target of the shares are set at $5.50.Costamare Inc was Upgraded by Wells Fargo to Outperform on Feb 13, 2017. Costamare Inc was Initiated by Citigroup on Feb 7, 2017 to Neutral, Price Target of the shares are set at $5.50.Costamare Inc was Upgraded by Morgan Stanley to Overweight on Feb 1, 2017. Costamare Inc was Downgraded by Credit Suisse to Underperform on Jan 30, 2017.
Costamare Inc Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $0.29. The company had revenue of $110.13 million for the quarter, compared to analysts expectations of $108.69 million. The companys revenue was down -9.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.
Costamare Inc. operates as a containership owner chartering its vessels to liner companies. The Company deploys its containership fleet principally under multi-year time charters with leading liner companies that operate regularly scheduled routes between large commercial ports. It also provides a range of shipping services, such as technical support and maintenance, insurance consulting, financial and accounting services. Costamare Inc. is headquartered in Athens, Greece.