NEW YORK (
) is trading at unusually high volume Monday with 1.3 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up 95 cents (+4.8%) at $20.80 as of 4:01 p.m. ET.
Seaspan has a market cap of $1.3 billion and is part of the
industry. Shares are up 59.8% year to date as of the close of trading on Friday.
Seaspan Corporation owns and operates the containerships that are engaged in the deep-sea container transportation business in Hong Kong. The company charters its containerships pursuant to long-term, fixed-rate time charters to various container liner companies.
TheStreet Ratings rates Seaspan as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and disappointing return on equity. You can view the full
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