Star Bulk Carriers Corp. (NASDAQ:SBLK) has been upgraded to Buy in a statement by Pareto Securities today.
- Updated: October 10, 2016
Yesterday Star Bulk Carriers Corp. (NASDAQ:SBLK) traded -4.61% lower at $4.77. The company’s 50-day moving average is $4.59 and its 200-day moving average is $4.11. The last closing price is up 10.80% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 400,578 shares of the stock were exchanged, up from an average volume of 141,345
Pareto Securities has upgraded Star Bulk Carriers Corp. (NASDAQ:SBLK) to Buy in a report released on 10/10/2016.
Previously on Thursday October 06, 2016, Zacks Investment Research reported on Star Bulk Carriers Corp. (NASDAQ:SBLK) increased the target price from $0.00 to $5.50. At the time, this indicated a possible upside of 0.13%.
With a market capitalization 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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