Scorpio Bulkers Sets New 52-Week Low at $7.56 (SALT)
Shares of Scorpio Bulkers (NASDAQ:SALT) reached a new 52-week low on Tuesday , Stock Ratings Network.com reports. The company traded as low as $7.56 and last traded at $7.63, with a volume of 352,533 shares. The stock had previously closed at $7.83.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Scorpio Bulkers in a research note on Thursday, July 31st. They now have a $12.00 price target on the stock, down previously from $13.00. Separately, 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, July 23rd. Finally, 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 research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $13.00.
The stock’s 50-day moving average is $8.41 and its 200-day moving average is $9.13. The company’s market cap is $1.026 billion.
Scorpio Bulkers (NASDAQ:SALT) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.09) by $0.02. The company had revenue of $13.18 million for the quarter, compared to the consensus estimate of $13.13 million. Analysts expect that Scorpio Bulkers will post $-0.34 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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