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Zacks Investment Research downgraded Gener8 Maritime Inc (NASDAQ:GNRT) to Strong Sell in a report released today.

Yesterday Gener8 Maritime Inc (NASDAQ:GNRT) traded -2.28% lower at $5.15. The company’s 50-day moving average is $5.27 and its 200-day moving average is $6.20. The last closing price is down -16.94% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 290,739 shares of the stock traded hands, down from an average trading volume of 350,928

Zacks Investment Research has downgraded Gener8 Maritime Inc (NASDAQ:GNRT) to Strong Sell in a report released on Thursday October 13, 2016.

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Gener8 Maritime Inc (NASDAQ:GNRT)

Gener8 Maritime Inc has a PE ratio of 2.40 with a one year low of $4.70 and a one year high of $12.15 GNRT’s total market value is presently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is $11.51 with 3 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 1 broker rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Gener8 Maritime Inc (NASDAQ:GNRT)

Gener8 Maritime, Inc., formerly General Maritime Corporation, is a provider of international seaborne crude oil transportation services. The Company operates through the segment, which includes the transportation of international seaborne crude oil and petroleum products with its fleet of vessels. The Company owns a fleet of over 45 tankers, including 31 vessels on the water consisting of 14 Very Large Crude Carriers (VLCCs), approximately 11 Suezmax vessels, over four Aframax vessels and approximately two Panamax vessels with an aggregate carrying capacity of approximately 6.6 million deadweight tons. The Company's vessels are primarily available for charter on a spot voyage or time charter basis and for employment in commercial pools. Its fleet of vessels include Gener8 Zeus, Gener8 Neptune, Gener8 Ares, Gener8 Hera, Gener8 Harriet G, Gener8 Horn, Gener8 Daphne, Gener8 Elektra, Gener8 Companion, Gener8 Compatriot, Gener8 Spyridon, Gener8 Kara G, Gener8 Maniate and others.

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