Shares of Seaspan Corp. (NYSE:SSW) dropped 2.1% on Thursday . The company traded as low as $14.00 and last traded at $14.19, with a volume of 346,038 shares. The stock had previously closed at $14.50.

SSW has been the topic of a number of research reports. Zacks Investment Research cut Seaspan Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. Deutsche Bank AG cut Seaspan Corp. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $25.00 to $12.00 in a research report on Tuesday, May 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $16.00.

The company’s 50 day moving average is $14.84 and its 200-day moving average is $16.01. The firm has a market cap of $1.46 billion and a PE ratio of 16.06.

Seaspan Corp. (NYSE:SSW) last posted its quarterly earnings data on Monday, July 25th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The business earned $224.31 million during the quarter, compared to the consensus estimate of $217.74 million. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, equities analysts anticipate that Seaspan Corp. will post $1.22 earnings per share 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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