Genco Shipping & Trading (GNK) Soars: Stock Rises 18.2%

Zacks Equity Research

Mon, Mar 31, 2014, 3:11 AM

Genco Shipping & Trading Ltd. (GNK) was a big mover last session, as its shares rose over 18% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the company since March 10, as the stock is now trading above the volatile price range of $1.24 to $1.65.

In the last 30-day frame, the company witnessed one negative estimate revision while the Zacks Consensus Estimate remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Genco currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Other well-performing stocks in the shipping industry include Teekay Tankers Ltd. (TNK), Nordic American Tankers Limited (NAT) and Frontline Ltd. (FRO). All three carry a Zacks Rank #2 (Buy).

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GENCO SHIPPING & TRADING LTD (GNK): Free Stock Analysis Report

TEEKAY TANKERS LTD (TNK): Free Stock Analysis Report

NORDIC AMERICAN TANKER (NAT): Free Stock Analysis Report

FRONTLINE LTD (FRO): Free Stock Analysis Report

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Genco Shipping & Trading (GNK) Soars: Stock Rises 18.2%

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