NEW YORK (
) is trading at unusually high volume Tuesday with 1.2 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $1.67 (+16%) at $12.12 as of 10:10 a.m. ET.
Seaspan has a market cap of $740 million and is part of the
industry. Shares are down 14% year to date as of the close of trading on Monday.
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
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full
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