Seanergy Maritime announced that Nasdaq has confirmed that the company has regained compliance with Nasdaq Listing Rule concerning the minimum bid price of the company's common stock. This matter is now considered closed.
Catch up on the today's top five analyst initiations with this list compiled by The Fly: 1. Sienna Biopharmaceuticals (SNNA) initiated with an Outperform at BMO Capital, an Overweight at JPMorgan and an Outperform at Cowen. 2. Maxim analyst James Jang initiated coverage of the dry bulk shipping sector, starting Seanergy Marine (SHIP), Safe Bulkers (SB), Euroseas (ESEA) and Eagle Bulk Shipping (EGLE) with Buy ratings. 3. Buckingham analyst Matthew Brooklier started coverage of Knight Transportation (KNX), Werner (WERN) and Ryder (R) with Buy ratings and Old Dominion (ODFL) with a Neutral rating. 4. Baker Hughes (BHGE) initiated with a Buy at Argus. 5. Sturm, Ruger (RGR) initiated with a Buy at Aegis. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Seanergy Marine initiated with a Buy at Maxim. Maxim analyst James Jang initiated coverage of the dry bulk shipping sector, starting Seanergy Marine with a Buy rating and $2 price target, stating that he is "particularly constructive" on the medium and long-term prospects of the Capesize segment of the sector.