Published on 9 Aug 2023 on Simply Wall St. via Yahoo Finance
Castor Maritime's (NASDAQ:CTRM) earnings have declined over three years, contributing to...
Castor Maritime Inc. (NASDAQ:CTRM) shareholders should be happy to see the share price up 26% in the last month. But that doesn't change the fact that the returns over the last three years have been disappointing. Tragically, the share price declined 69% in that time. So it's good to see it climbing back up. The rise has some hopeful, but turnarounds are often precarious.
On a more encouraging note the company has added US$8.9m to its market cap in just the last 7 days, so let's see if we can determine what's driven the three-year loss for shareholders.
View our latest analysis for Castor Maritime