EDRY

Company Overview — What Does EuroDry Ltd. Do?

EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. As of March 31, 2022, it operated a fleet of ten drybulk carriers comprising five Panamax drybulk carriers, two Ultramax drybulk carrier, two Kamsarmax carriers, and one Supramax drybulk carrier with a cargo capacity of 726,555 deadweight tons. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece. EuroDry Ltd. (EDRY) is classified as a micro-cap stock in the Transportation, Communications, Electric, Gas, And Sanitary Services sector, specifically within the Transportation industry. The company is led by CEO Aristides J. Pittas. With a market capitalization of $60M, EDRY is one of the notable companies in the Transportation, Communications, Electric, Gas, And Sanitary Services sector.

EuroDry Ltd. (EDRY) Stock Rating — Strong Buy (March 2026)

As of March 2026, EuroDry Ltd. receives a Strong Buy rating with a composite score of 56.4/100 and 5 out of 5 stars from the Blank Capital Research quantitative model.EDRY ranks #396 out of 7,333 stocks in our coverage universe. Within the Transportation, Communications, Electric, Gas, And Sanitary Services sector, EuroDry Ltd. ranks among stocks, placing it in the top 10% of its Transportation, Communications, Electric, Gas, And Sanitary Services peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

EDRY Stock Price and 52-Week Range

EuroDry Ltd. (EDRY) has a stock price that is updated in real time on this page.

Is EDRY Overvalued or Undervalued? — Valuation Analysis

EuroDry Ltd. (EDRY) carries a value factor score of 38/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 0.62x, versus the sector average of 1.88x. The price-to-sales ratio is 0.25x, compared to 0.77x for the average Transportation, Communications, Electric, Gas, And Sanitary Services stock. On an enterprise value basis, EDRY trades at 4.74x EV/EBITDA, versus 4.57x for the sector.

At current multiples, EuroDry Ltd. trades at a premium to most Transportation, Communications, Electric, Gas, And Sanitary Services peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

EuroDry Ltd. Profitability — ROE, Margins, and Quality Score

EuroDry Ltd. (EDRY) earns a quality factor score of 65/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is -55.9%, compared to the Transportation, Communications, Electric, Gas, And Sanitary Services sector average of 10.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -24.6% versus the sector average of 3.4%.

On a margin basis, EuroDry Ltd. reports gross margins of 86.0%, compared to 53.3% for the sector. The operating margin is -10.3% (sector: 15.6%). Net profit margin stands at -22.1%, versus 10.4% for the average Transportation, Communications, Electric, Gas, And Sanitary Services stock. Revenue growth is running at 28.3% on a trailing basis, compared to 5.7% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.

EDRY Debt, Balance Sheet, and Financial Health

EuroDry Ltd. has a debt-to-equity ratio of 111.0%, compared to the Transportation, Communications, Electric, Gas, And Sanitary Services sector average of 1.1%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. Total debt on the balance sheet is $107M. Cash and equivalents stand at $7M.

EDRY has a beta of 0.68, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for EuroDry Ltd. is 56/100, reflecting average volatility within the normal range for its sector.

EuroDry Ltd. Revenue and Earnings History — Quarterly Trend

In TTM 2026, EuroDry Ltd. reported revenue of $61M and earnings per share (EPS) of $-4.62. Net income for the quarter was $-14M. Gross margin was 8600.0%. Operating income came in at $-6M.

In FY 2024, EuroDry Ltd. reported revenue of $61M and earnings per share (EPS) of $-4.62. Net income for the quarter was $-14M. Gross margin was 86.0%. Revenue grew 28.3% year-over-year compared to FY 2023. Operating income came in at $-6M.

In FY 2023, EuroDry Ltd. reported revenue of $48M and earnings per share (EPS) of $-1.05. Net income for the quarter was $-3M. Gross margin was 92.6%. Revenue grew -32.2% year-over-year compared to FY 2022. Operating income came in at $1M.

In FY 2022, EuroDry Ltd. reported revenue of $70M and earnings per share (EPS) of $11.66. Net income for the quarter was $34M. Gross margin was 93.1%. Revenue grew 8.9% year-over-year compared to FY 2021. Operating income came in at $34M.

Over the past 8 quarters, EuroDry Ltd. has demonstrated a growth trajectory, with revenue expanding from $26M to $61M. Investors analyzing EDRY stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

EDRY Dividend Yield and Income Analysis

EuroDry Ltd. (EDRY) does not currently pay a dividend. This is common among smaller companies in the Transportation industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Transportation, Communications, Electric, Gas, And Sanitary Services dividend stocks may want to explore other Transportation, Communications, Electric, Gas, And Sanitary Services stocks or use the stock screener to filter by dividend yield.

EDRY Momentum and Technical Analysis Profile

EuroDry Ltd. (EDRY) has a momentum factor score of 76/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 58/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 8/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

EDRY vs Competitors — Transportation, Communications, Electric, Gas, And Sanitary Services Sector Ranking and Peer Comparison

Within the Transportation, Communications, Electric, Gas, And Sanitary Services sector, EuroDry Ltd. (EDRY) ranks #— out of 50 stocks based on the Blank Capital composite score. This places EDRY in the top decile of all Transportation, Communications, Electric, Gas, And Sanitary Services stocks in our coverage universe. Key competitors and sector peers include ULTRAPAR HOLDINGS INC (UGP) with a score of 70.3/100, TEEKAY CORP LTD (TK) with a score of 69.5/100, Hafnia Ltd (HAFN) with a score of 68.5/100, Central North Airport Group (OMAB) with a score of 68.1/100, and MILLICOM INTERNATIONAL CELLULAR SA (TIGO) with a score of 67.4/100.

Comparing EDRY against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full EDRY vs S&P 500 (SPY) comparison to assess how EuroDry Ltd. stacks up against the broader market across all factor dimensions.

EDRY Next Earnings Date

No upcoming earnings date has been announced for EuroDry Ltd. (EDRY) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy EDRY? — Investment Thesis Summary

The bull case for EuroDry Ltd. rests on several quantitative strengths. The quality score of 65/100 indicates above-average profitability and business fundamentals. The value score of 38/100 indicates premium valuation. Price momentum is positive at 76/100, suggesting the trend favors buyers.

In summary, EuroDry Ltd. (EDRY) earns a Strong Buy rating with a composite score of 56.4/100 as of March 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on EDRY stock.

Related Resources for EDRY Investors

Explore more research and tools: EDRY vs S&P 500 comparison, top Transportation, Communications, Electric, Gas, And Sanitary Services stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare EDRY head-to-head with peers: EDRY vs UGP, EDRY vs TK, EDRY vs HAFN.