Shares of Gener8 Maritime Inc (NASDAQ:GNRT) dropped 3.6% during mid-day trading on Wednesday . The company traded as low as $5.60 and last traded at $5.67, with a volume of 95,431 shares traded. The stock had previously closed at $5.88.

Separately, Zacks Investment Research raised Gener8 Maritime from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research report on Wednesday, July 6th.

The firm has a market cap of $463.00 million and a price-to-earnings ratio of 2.65. The stock has a 50 day moving average price of $6.55 and a 200 day moving average price of $6.80.

Gener8 Maritime, Inc, formerly General Maritime Corporation, is a provider of international seaborne crude oil transportation services. The Company operates through the segment, which includes the transportation of international seaborne crude oil and petroleum products with its fleet of vessels. The Company owns a fleet of over 45 tankers, including 31 vessels on the water consisting of 14 Very Large Crude Carriers (VLCCs), approximately 11 Suezmax vessels, over four Aframax vessels and approximately two Panamax vessels with an aggregate carrying capacity of approximately 6.6 million deadweight tons.

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