Free Stock Performance Review on Top Ships and Three Additional Shipping Stocks
Stock Research Monitor: NM, SSW, and TOO
LONDON, UK / ACCESSWIRE / June 5, 2018 / If you want a free Stock Review on TOPS sign up now at www.wallstequities.com/registration. In today’s pre-market research, WallStEquities.com observes the following stocks: Navios Maritime Holdings Inc. (NYSE: NM), Seaspan Corp. (NYSE: SSW), Teekay Offshore Partners L.P. (NYSE: TOO), and Top Ships Inc. (NASDAQ: TOPS). These companies operate in the Shipping industry, whose business is in transporting goods or passengers in ships. All you have to do is sign up today for this free limited time offer by clicking the link below.
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Navios Maritime Holdings
Monte Carlo, Monaco-based Navios Maritime Holdings Inc.’s stock finished Monday’s session 3.27% lower at $0.78 with a total trading volume of 535,607 shares. The stock is trading below their 50-day moving average by 3.46%. Shares of the Company, which operates as a seaborne shipping and logistics company in North America, Europe, Asia, South America, and internationally, have a Relative Strength Index (RSI) of 47.33.
On May 15th, 2018, Navios Maritime reported its results for Q1 ended March 31st, 2018. Revenue for the quarter was $116.9 million, net loss was $40.9 million, net cash from operating activities was $17.8 million, and adjusted EBITDA was $28.1 million. As of March 31st, 2018, the Company had cash and cash equivalents, including restricted cash of $121.9 million. Get the full research report on NM for free by clicking below at:
www.wallstequities.com/registration/?symbol=NM
Seaspan
Shares in Central, Hong Kong-based Seaspan Corp. rose slightly by 0.11%, ending yesterday’s session at $8.96 with a total trading volume of 799,466 shares. The stock has gained 10.07% in the past month, 47.13% in the previous three months, and 68.11% over the past year. The Company’s shares are trading 15.07% above their 50-day moving average and 27.83% above their 200-day moving average. Moreover, shares of Seaspan, which operates as an independent charter owner and manager of containerships in Hong Kong, has an RSI of 60.53.
On May 31st, 2018, Seaspan (“SSW”) announced that Fairfax Financial Holdings Limited, through certain subsidiaries (collectively, “Fairfax”), has entered into a definitive agreement to invest an additional $500 million of equity in SSW through the exercise of two tranches of warrants, increasing Fairfax’s total investment in SSW to $1 billion. Find your free research report on SSW at:
www.wallstequities.com/registration/?symbol=SSW
Teekay Offshore Partners
On Monday, Hamilton, Bermuda-based Teekay Offshore Partners L.P.’s stock declined slightly by 0.72%, to close the day at $2.74. A total volume of 341,540 shares was traded. The Company’s shares have advanced 2.24% in the last month and 7.45% in the previous three months. The stock is trading 3.94% and 8.38% above its 50-day and 200-day moving averages, respectively. Additionally, shares of the Company, which provides marine transportation, oil production, storage, long-distance towing and offshore installation, and maintenance and safety services for the oil industry, have an RSI of 50.55.
On May 10th, 2018, Teekay Offshore Partners announced that the Petrojarl I floating production, storage and offloading (FPSO) unit has successfully achieved first oil and commenced its five-year charter contract with a consortium led by Queiroz Galvão Exploração e Produção SA on the Atlanta oil field, which is the Petrojarl I FPSO’s tenth field over its lifetime. Sign up today for the free research report on TOO at:
www.wallstequities.com/registration/?symbol=TOO
Top Ships
Shares in Maroussi, Greece-based Top Ships Inc. ended the day 1.58% higher at $0.80. A total volume of 936,571 shares was traded. The stock is trading below its 50-day moving average by 50.56%. Furthermore, shares of Top Ships, which owns and operates tanker vessels worldwide, have an RSI of 21.08.
On May 29th, 2018, Top Ships announced that on May 23rd, 2018, it took delivery of its 50% owned 49,703 dwt newbuilding product/chemical tanker M/T Eco Palm Springs, constructed at the Hyundai Mipo Vinashin shipyard. The Company also announced that on May 26th, 2018, the vessel commenced its three-year time charter employment with Clearlake Shipping Pte Ltd. Wall St. Equities’ research coverage also includes the downloadable free report on TOPS at:
www.wallstequities.com/registration/?symbol=TOPS
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