Box Ships Reaches New 12-Month Low at $2.80 (TEU)
Box Ships (NYSE:TEU)’s share price reached a new 52-week low during mid-day trading on Monday, Analyst Ratings News reports. The stock traded as low as $2.80 and last traded at $2.82, with a volume of 171,617 shares traded. The stock had previously closed at $2.88.
Separately, analysts at Morgan Stanley downgraded shares of Box Ships from an “equal weight” rating to an “underweight” rating in a research note to investors on Monday, January 13th. They now have a $2.50 price target on the stock.
Box Ships has a 52-week low of $2.80 and a 52-week high of $6.25. The stock has a 50-day moving average of $3.04 and a 200-day moving average of $3.65. The company has a market cap of $70.4 million and a price-to-earnings ratio of 6.15.
Box Ships Inc is an international shipping company specializing in the transportation of containers. The Company was formed by Paragon Shipping Inc, a global provider of shipping transportation services specializing in transporting dry bulk cargoes.
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