Ultrapetrol Bahamas Trading Down 6.3% After Earnings Miss (ULTR)
Ultrapetrol Bahamas (NASDAQ:ULTR) shares dropped 6.3% during trading on Friday following a dissappointing earnings announcement, StockRatingsNetwork.com reports. The company traded as low as $3.19 and last traded at $3.26, with a volume of 208,841 shares trading hands. The stock had previously closed at $3.48.
The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.05. The company had revenue of $99.40 million for the quarter, compared to the consensus estimate of $81.45 million.
The stock has a 50-day moving average of $3.29 and a 200-day moving average of $3.1. The company has a market cap of $450.9 million and a price-to-earnings ratio of 60.00.
Ultrapetrol (NASDAQ:ULTR) Limited is an industrial shipping company serving the marine transportation needs of clients in the geographic markets.
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