Seaspan Corp. (SSW) Sees Large Volume Increase
Seaspan Corp. (NYSE:SSW) saw strong trading volume on Friday . 608,134 shares traded hands during trading, an increase of 102% from the previous session’s volume of 301,026 shares.The stock last traded at $13.91 and had previously closed at $14.17.
Several research analysts have recently commented on the company. Zacks Investment Research lowered Seaspan Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Deutsche Bank AG lowered Seaspan Corp. from a “buy” rating to a “hold” rating and cut their price objective for the stock from $25.00 to $12.00 in a report on Tuesday, May 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Seaspan Corp. presently has a consensus rating of “Hold” and an average target price of $16.00.
The stock has a 50 day moving average of $14.86 and a 200 day moving average of $16.03. The stock has a market capitalization of $1.46 billion and a price-to-earnings ratio of 16.06.
Seaspan Corp. (NYSE:SSW) last posted its earnings results on Monday, July 25th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The firm earned $224.31 million during the quarter, compared to the consensus estimate of $217.74 million. During the same period in the prior year, the company posted $0.22 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year. On average, equities research analysts expect that Seaspan Corp. will post $1.22 EPS for the current year.
Seaspan Corporation is an independent charter owner and manager of containerships. It charters pursuant to long-term, fixed-rate time charters with various container liner companies. It operates a fleet of approximately 90 containerships. Its operating vessels include YM Wish, YM Wellhead, YM Witness, CSCL Manzanillo and Guayaquil Bridge.
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