|Bid||2.7500 x 4000|
|Ask||2.7600 x 2900|
|Day's Range||2.7200 - 2.8488|
|52 Week Range||0.1120 - 4.1000|
|Beta (5Y Monthly)||0.56|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The shipping industry includes companies that transport cargo around the world, from grains to apparel to electronics to appliances. In the past year, the shipping industry has underperformed the broader market. The benchmark Dow Jones U.S. Marine Transportation Index has provided a 1-year trailing total return of 21.5% compared with 44.4% for the iShares Russell 1000 ETF (IWB).
Castor Maritime (NASDAQ: CTRM) stock began May costing just under $0.50 per share. Fact is, Castor Maritime lost 38.6% of its value in May -- and the following chart proves it. As the name may suggest, a reverse split is the opposite of a stock split.
Just one day after Castor Maritime (NASDAQ: CTRM) shares surged in response to the company finally reporting a profit (after four straight quarters of trying), gravity reasserted its hold. As a shipper of dry bulk cargo, Castor Maritime's fortunes are intimately tied to the movements of the BDI, which tracks the rates that dry bulk shipping companies can charge for hauling dry bulk goods such as coal, iron pellets, and grain. Basically, the same BDI that reflected Castor Maritime's ability to charge enough for its services to earn a profit last quarter is now forecasting weaker pricing that may threaten Castor Maritime's ability to earn a profit this quarter.