GulfMark Offshore Inc. (NYSE:GLF) traded down 7.4% on Wednesday . The company traded as low as $3.46 and last traded at $3.48, with a volume of 270,667 shares changing hands. The stock had previously closed at $3.76.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of GulfMark Offshore from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Morgan Stanley reaffirmed a “sell” rating on shares of GulfMark Offshore in a research report on Tuesday, April 26th.

The stock’s 50-day moving average price is $3.52 and its 200-day moving average price is $4.42. The stock’s market capitalization is $90.52 million.

GulfMark Offshore (NYSE:GLF) last posted its quarterly earnings data on Monday, April 25th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by $0.02. On average, equities research analysts predict that GulfMark Offshore Inc. will post ($2.24) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in GulfMark Offshore stock. Morgan Stanley boosted its stake in 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 institutional investor 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 at the end of the most recent quarter.

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.