Rodman & Renshaw Comments on Seanergy Maritime

Rodman & Renshaw provided color on Seanergy Maritime

in a research report published today. Rodman & Renshaw has previously given Seanergy Maritime a Market Outperform rating and $5 price target. In the report, Rodman & Renshaw states, "Revenue of $27.8 million beat our estimate of $27.5 million. Last year, the company posted sales of $22.6 million but the result is not comparable since the company added 9 vessels to its fleet since that time. We calculate EBITDA that amounted to $14.3 million versus our estimate of $14.1 million. Earnings per share of $0.09 was better than our forecast for a gain of a penny." Shares of Seanergy Maritime closed today at $3.24, up 8% from Monday's market close.