Published on 6 Feb 2023 on Simply Wall St. via Yahoo Finance
Castor Maritime's (NASDAQ:CTRM) earnings have declined over three years, contributing to...
This week we saw the Castor Maritime Inc. (NASDAQ:CTRM) share price climb by 11%. But that is meagre solace in the face of the shocking decline over three years. To wit, the share price sky-dived 90% in that time. So we're relieved for long term holders to see a bit of uplift. The thing to think about is whether the business has really turned around. We really feel for shareholders in this scenario. It's a good reminder of the importance of diversification, and it's worth keeping in mind there's more to life than money, anyway.
On a more encouraging note the company has added US$12m 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.
Check out our latest analysis for Castor Maritime