Stock Research Monitor: NM, TOO, and TOPS
LONDON, UK / ACCESSWIRE / July 5, 2018 / If you want a free Stock Review on SSW sign up now at www.wallstequities.com/registration. WallStEquities.com renavigates the global Shipping space, which is a behemoth of an industry. It has a direct and indirect economic impact of more than $400 billion annually, and more than $4 trillion worth of goods move by sea freight each year. But it is also a delicate sector, closely tied to the health of major economies, prone to cyclic swings, and vulnerable to the world's reaction or overreaction to any number of political events. Lined up for observation are these four stocks: Navios Maritime Holdings Inc. (NYSE: NM), Seaspan Corp. (NYSE: SSW), Teekay Offshore Partners L.P. (NYSE: TOO), and Top Ships Inc. (NASDAQ: TOPS). All you have to do is sign up today for this free limited time offer by clicking the link below.
Navios Maritime Holdings
Monte Carlo, Monaco-based Navios Maritime Holdings Inc.'s stock finished Tuesday's session 1.05% higher at $0.84 with a total trading volume of 171,938 shares. Over the last month and the previous three months, the Company's shares have advanced 7.21% and 12.25%, respectively. The stock is trading above its 50-day moving average by 2.33%. Moreover, shares of Navios Maritime, which operates as a seaborne shipping and logistics company in North America, Europe, Asia, South America, and internationally, have a Relative Strength Index (RSI) of 49.05. Get the full research report on NM for free by clicking below at:
Shares in Central, Hong Kong-based Seaspan Corp. rose slightly by 0.91%, ending the session at $9.98 with a total trading volume of 649,435 shares. The stock has gained 11.38% in the past month, 48.07% in the previous three months, and 34.68% over the past year. The Company's shares are trading 14.22% above their 50-day moving average and 38.19% above their 200-day moving average. Moreover, shares of Seaspan, which operates as an independent charter owner and manager of containerships in Hong Kong, have an RSI of 67.04.
On June 28th, 2018, Seaspan announced that its Board of Directors has declared a cash dividend on its class A common shares of $0.125 for the period April 01st, 2018, to June 30th, 2018. The dividend is payable on July 30th, 2018, to stockholders of record as of July 10th, 2018. Additionally, the Board also declared cash dividends on the Company's series D, E, G, and H preferred shares. Find your free research report on SSW at:
Teekay Offshore Partners
On Tuesday, Hamilton, Bermuda-based Teekay Offshore Partners L.P.'s stock climbed slightly by 0.75%, to close the day at $2.67. A total volume of 177,684 shares was traded. The Company's shares have advanced 14.59% in the previous three months. The stock is trading 4.66% above its 200-day moving average. Additionally, shares of the Company, which provides marine transportation, oil production, storage, long-distance towing and offshore installation, and maintenance and safety services for the oil industry, have an RSI of 52.89.
On June 11th, 2018, Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners (TOO), announced that Tim Cowan will be joining as Interim CFO of Teekay Offshore Group Ltd, a management services company that provides services to TOO's subsidiaries while the company conducts a search for a permanent CFO. Mr. Cowan holds the position of Senior Vice President - Energy at Brookfield Asset Management. Sign up today for the free research report on TOO at:
Shares in Maroussi, Greece-based Top Ships Inc. ended the day 1.73% lower at $0.93. A total volume of 264,514 shares was traded. The stock has gained 16.37% in the last month. The Company's shares are trading below their 50-day moving average by 27.65%. Furthermore, shares of Top Ships, which owns and operates tanker vessels worldwide, have an RSI of 36.74.
On July 02nd, 2018, Top Ships announced that on June 29th, 2018, it entered into a sale and leaseback agreement and a five-year time charter with Cargill International S.A., a leading vessel operator and freight-trading business in the bulk shipping sector, for its newbuilding vessel Hull No 8242 currently under construction at Hyundai Mipo Dockyard Co., South Korea. Consummation of the deal is expected to take place on the vessel's delivery date, which is currently planned for January 2019. Wall St. Equities' research coverage also includes the downloadable free report on TOPS at:
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