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TheStreet Wire

Global Stock Hits New 52-Week Low (GLBL)

By TheStreet Wire 08/04/11 - 12:29 PM EDT

Find out if (GLBL) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Global Industries (Nasdaq:GLBL) hit a new 52-week low Thursday as it is currently trading at $4.34, below its previous 52-week low of $4.35 with 1.5 million shares traded as of 12:03 p.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Global has a market cap of $568.2 million and is part of the basic materials sector and energy industry. Shares are down 31% year to date as of the close of trading on Wednesday.

Global Industries, Ltd., together with its subsidiaries, provides construction and subsea services to the offshore oil and gas industry.

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TheStreet Ratings rates Global as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share. You can view the full Global Ratings Report.

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