Box Ships (TEU) Announces Quarterly Results
Box Ships (NYSE:TEU) released its earnings data on Tuesday. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.04, AR Network reports.
Shares of Box Ships (NYSE:TEU) traded down 2.16% on Tuesday, hitting $1.36. 161,515 shares of the company’s stock traded hands. Box Ships has a 52-week low of $1.19 and a 52-week high of $4.66. The stock’s 50-day moving average is $1.40 and its 200-day moving average is $1.82. The company has a market cap of $33.6 million and a P/E ratio of 5.97.
On a related note, analysts at Barclays downgraded shares of Box Ships from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, June 11th. They now have a $1.50 price target on the stock. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock currently has an average rating of “Sell” and an average target price of $2.67.
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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