A report released today by Zacks Investment Research about Star Bulk Carriers Corp. (NASDAQ:SBLK) ups the target price to $5.50
- Updated: October 8, 2016
Boasting a price of $4.86, Star Bulk Carriers Corp. (NASDAQ:SBLK) traded -4.41% lower on the day. The last stock close price is up 16.16% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $4.59 and a 200-day average of $4.11. Volume of trade was down over the average, with 117,137 shares of SBLK changing hands under the typical 141,345
Indicating a possible upside of 0.13%, Zacks Investment Research increased the target price of Star Bulk Carriers Corp. (NASDAQ:SBLK) to $5.50
With a total market value of $0, Star Bulk Carriers Corp. has 52 week low of $1.55 and a 52 week high of $11.95 .
Brief Synopsis On Star Bulk Carriers Corp. (NASDAQ:SBLK)
Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. The Company's segment is operating dry bulk vessels. The Company will have a fleet of approximately 76 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels, with a carrying capacity between 45,588 dwt and 209,537 deadweight tonnage (dwt). Its fleet, which emphasizes Capesize vessels, primarily transports minerals from the Americas and Australia to East Asia, particularly China, as well as Japan, South Korea, Taiwan, Indonesia and Malaysia. The Company's Supramax vessels carry minerals, grain products and steel between the Americas, Europe, Africa, Australia and Indonesia and from these areas to China, Japan, South Korea, Taiwan, the Philippines and Malaysia. Its vessels include Maharaj, Star Poseidon, Leviathan, Peloreus, Star Borealis, Star Angie, Star Georgia, Star Nina and Mercurial Virgo.
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