GulfMark Offshore Inc. (NYSE:GLF) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $2.45 and last traded at $2.47, with a volume of 343,747 shares traded. The stock had previously closed at $2.64.

GLF has been the subject of a number of recent research reports. Zacks Investment Research upgraded GulfMark Offshore from a “sell” rating to a “hold” rating in a research note on Monday, July 11th. Morgan Stanley restated a “sell” rating on shares of GulfMark Offshore in a research note on Tuesday, April 26th.

The stock has a 50-day moving average of $3.05 and a 200-day moving average of $4.29. The firm’s market capitalization is $67.90 million.

GulfMark Offshore (NYSE:GLF) last announced its earnings results on Tuesday, July 26th. The company reported ($0.57) earnings per share for the quarter, meeting the consensus estimate of ($0.57). The business had revenue of $30.50 million for the quarter, compared to the consensus estimate of $31.91 million. GulfMark Offshore’s revenue for the quarter was down 59.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 EPS. Equities analysts expect that GulfMark Offshore Inc. will post ($2.48) EPS for the current year.

A hedge fund recently raised its stake in GulfMark Offshore stock. Morgan Stanley raised its stake in shares of GulfMark Offshore Inc. (NYSE:GLF) by 960.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 245,699 shares of the company’s stock after buying an additional 222,527 shares during the period. Morgan Stanley owned approximately 0.95% of GulfMark Offshore worth $1,147,000 as of its most recent filing with the SEC.

GulfMark Offshore, Inc provides offshore marine support and transportation services. The Company offers these services to companies engaged in the offshore exploration and production of oil and natural gas. The Company operates in three segments: the North Sea (N. Sea), Southeast Asia (SEA) and the Americas.

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