Gener8 Maritime Inc (GNRT) Trading Down 2.1%
Shares of Gener8 Maritime Inc (NASDAQ:GNRT) fell 2.1% during trading on Friday . The company traded as low as $5.92 and last traded at $5.98, with a volume of 112,589 shares changing hands. The stock had previously closed at $6.11.
A number of research firms recently commented on GNRT. Zacks Investment Research cut Gener8 Maritime from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Citigroup Inc. reiterated a “buy” rating and set a $12.00 price objective on shares of Gener8 Maritime in a research report on Friday, July 15th.
The stock has a market capitalization of $484.50 million and a P/E ratio of 2.77. The company’s 50 day moving average price is $6.30 and its 200-day moving average price is $6.65.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.