GulfMark Offshore Inc. (NYSE:GLF) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $2.21 and last traded at $2.24, with a volume of 176,569 shares changing hands. The stock had previously closed at $2.36.

Several research firms have issued reports on GLF. Zacks Investment Research cut shares of GulfMark Offshore from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Morgan Stanley lowered their price objective on shares of GulfMark Offshore from $5.50 to $4.00 and set an “underweight” rating for the company in a research report on Thursday, July 28th.

The firm’s market capitalization is $60.25 million. The firm has a 50 day moving average of $2.91 and a 200 day moving average of $4.25.

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

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.

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's FREE daily email newsletter.