Scorpio Bulkers Reaches New 12-Month Low at $8.20 (SALT)
Scorpio Bulkers (NASDAQ:SALT)’s share price hit a new 52-week low during mid-day trading on Friday , American Banking News.com reports. The company traded as low as $8.20 and last traded at $8.31, with a volume of 102,105 shares. The stock had previously closed at $8.34.
A number of research firms have recently commented on SALT. Analysts at Evercore Partners cut their price target on shares of Scorpio Bulkers from $13.00 to $11.00 in a research note on Wednesday. Analysts at MLV & Co
initiated coverage on shares of Scorpio Bulkers in a research note on Wednesday, May 28th. They set a “buy” rating and a $11.00 price target on the stock. Six analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $13.00.
The stock has a 50-day moving average of $8.89 and a 200-day moving average of $9.3. The company’s market cap is $1.099 billion.
Scorpio Bulkers (NASDAQ:SALT) last released its earnings data on Wednesday, April 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.06. The company had revenue of $5.47 million for the quarter, compared to the consensus estimate of $4.41 million. Analysts expect that Scorpio Bulkers will post $-0.30 EPS for the current fiscal year.
Scorpio Bulkers Inc is a company engaged in marine transportation, based in the Marshall Islands. It is a provider of transportation services of dry bulk commodities.
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