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Zacks Investment Research downgraded Star Bulk Carriers Corp. (NASDAQ:SBLK) to Hold in a report released today.

Zacks Investment Research has downgraded Star Bulk Carriers Corp. (NASDAQ:SBLK) to Hold in a report released on 6/08/2017.

Just yesterday Star Bulk Carriers Corp. (NASDAQ:SBLK) traded 0.61% higher at $7.85. Star Bulk Carriers Corp.’s 50-day moving average is $10.63 and its 200-day moving average is $9.92. The last closing price is down -0.77% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 427,521 shares of Star Bulk Carriers Corp. exchanged hands, down from an avg. volume of 575,726

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Star Bulk Carriers Corp. (NASDAQ:SBLK)

With a total market value of $0, Star Bulk Carriers Corp. has with a one year low of $4.04 and a one year high of $13.40 .

Brief Synopsis About 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. As of December 31, 2016, the Company's fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt). The Company's vessels transport a range of bulk commodities, including ores, coal, grains and fertilizers, along shipping routes across the world. The Company's 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.

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