Genco Shipping & Trading Ltd. (GNK) was a big mover last session, as the company saw its shares rise by roughly 27% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.24 to $1.76 in the past one-month time frame.
This shipping company has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Genco Shipping & Trading currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Some in the same sector looking equally good include Knightsbridge Tankers Ltd. (VLCCF), Eagle Bulk Shipping, Inc. (EGLE) and Euroseas, Ltd. (ESEA). While Knightsbridge Tankers holds a Zacks Rank #1 (Strong Buy), Eagle Bulk Shipping and Euroseas carry a Zacks Rank #2 (Buy).
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GENCO SHIPPING & TRADING LTD (GNK): Free Stock Analysis Report
KNIGHTSBRIDGE TANKERS LTD (VLCCF): Free Stock Analysis Report
EAGLE BULK SHIPPING INC (EGLE): Free Stock Analysis Report
EUROSEAS LTD MARSHALL ISLANDS (ESEA): Free Stock Analysis Report
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