Ultrapetrol Bahamas Ltd Reaches New 12-Month High at $3.75 (ULTR)
Ultrapetrol Bahamas Ltd (NASDAQ:ULTR) set a new 52-week high during mid-day trading on Monday, American Banking & Market News reports. The stock traded as high as $3.75 and last traded at $3.72, with a volume of 490,938 shares. The stock had previously closed at $3.53.
A number of research firms have recently commented on ULTR. Analysts at TheStreet upgraded shares of Ultrapetrol Bahamas Ltd (NASDAQ:ULTR) from a “sell” rating to a “hold” rating in a research note to investors on Wednesday, September 11th. Analysts at Jefferies Group reiterated a “buy” rating on shares of Ultrapetrol Bahamas Ltd (NASDAQ:ULTR) in a research note to investors on Thursday, August 15th. They now have a $4.00 price target on the stock, up previously from $3.50.
Ultrapetrol Bahamas Ltd has a 52 week low of $1.25 and a 52 week high of $3.70. The stock’s 50-day moving average is $3.43 and its 200-day moving average is $2.87. The company’s market cap is $525.2 million.
Ultrapetrol (NASDAQ:ULTR) Limited is an industrial shipping company serving the marine transportation needs of clients in the geographic markets.
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