Gener8 Maritime Inc (GNRT) Shares Down 2.1%
Gener8 Maritime Inc (NASDAQ:GNRT)’s share price fell 2.1% during mid-day trading on Friday . The company traded as low as $5.92 and last traded at $5.98, with a volume of 112,589 shares. The stock had previously closed at $6.11.
A number of brokerages have recently issued reports on GNRT. Zacks Investment Research lowered shares of Gener8 Maritime from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Citigroup Inc. restated a “buy” rating and set a $12.00 target price on shares of Gener8 Maritime in a research report on Friday, July 15th.
The firm’s 50-day moving average price is $6.33 and its 200-day moving average price is $6.67. The stock has a market cap of $484.50 million and a PE ratio of 2.77.
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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