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Box Ships (NYSE:TEU) was upgraded by equities researchers at TheStreet from a “sell” rating to a “hold” rating in a research report issued on Wednesday, American Banking News reports.

The analysts wrote, “Box Ships (TEU) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its attractive valuation levels, increase in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company’s earnings per share, weak operating cash flow and a generally disappointing performance in the stock itself.”

Box Ships (NYSE:TEU) traded up 5.78% on Wednesday, hitting $1.83. 215,185 shares of the company’s stock traded hands. Box Ships has a 52-week low of $1.66 and a 52-week high of $5.00. The stock’s 50-day moving average is $2.45 and its 200-day moving average is $3.05. The company has a market cap of $46.3 million and a price-to-earnings ratio of 3.78.

Box Ships (NYSE:TEU) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.19 EPS for the quarter. The company had revenue of $18.06 million for the quarter, compared to the consensus estimate of $17.25 million.

A number of other analysts have also recently weighed in on TEU. Analysts at EuroPacific Canada downgraded shares of Box Ships from a “neutral” rating to a “sell” rating in a research note on Wednesday, March 12th. Analysts at Eurobank EFG downgraded shares of Box Ships to a “sell” rating in a research note on Wednesday, March 12th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Box Ships currently has an average rating of “Hold” and an average target price of $3.25.

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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