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TheStreet Wire

Ship Finance International Stock Hits New 52-Week Low (SFL)

By TheStreet Wire 08/03/11 - 12:35 PM EDT

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NEW YORK (TheStreet) -- Ship Finance International (NYSE:SFL) hit a new 52-week low Wednesday as it is currently trading at $14.15, below its previous 52-week low of $14.91 with 541,177 shares traded as of 11:47 a.m. ET. Average volume has been 383,200 shares over the past 30 days.

Ship Finance International has a market cap of $1.3 billion and is part of the services sector and transportation industry. Shares are down 30.7% year to date as of the close of trading on Tuesday.

Ship Finance International Limited, through its subsidiaries, engages in the ownership and operation of vessels and offshore related assets in Bermuda, Cyprus, Malta, Liberia, Norway, the United States, Singapore, the United Kingdom, and the Marshall Islands. The company has a P/E ratio of 7.6, below the average transportation industry P/E ratio of nine and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Ship Finance International as a hold. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally poor debt management. You can view the full Ship Finance International Ratings Report.

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