Ultrapetrol Slumps: ULTR Falls 7.7% in Session - Tale of the Tape
March 27 2014 - 8:58AM
Zacks
Ultrapetrol (Bahamas)
Ltd. (ULTR) saw a big move last session, as the company’s
shares fell nearly 8% on the day. The move came on pretty good
volume too with far more shares changing hands than in a normal
session. This continues the recent downtrend for ULTR, as the stock
is now down about 6% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as
this industrial shipping company has seen 2 negative revisions in
the past few weeks and its current year earnings consensus has
moved lower over the last 30 days. This suggests there may be more
trouble down the road. So make sure to keep an eye on this stock
going forward to see if this recent slump will continue, as the
earnings picture definitely suggests that this might be the
case.
ULTR currently has a Zacks Rank #4 (Sell) while its Earnings ESP is
0.
Some better-ranked stocks in the same sector include
Knightsbridge Tankers Limited (VLCCF),
Star Bulk Carriers Corp. (SBLK) and Eagle
Bulk Shipping, Inc. (EGLE). While Knightsbridge Tankers
and Star Bulk Carriers carry a Zacks Rank #1 (Strong Buy), Eagle
Bulk Shipping holds a Zacks Rank #2 (Buy).
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EAGLE BULK SHPG (EGLE): Free Stock Analysis Report
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ULTRAPETROL LTD (ULTR): Free Stock Analysis Report
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