NEW YORK (
) hit a new 52-week high Thursday as it traded at $16.56 compared with its previous 52-Week high of $16.53. Seaspan is changing hands at $16.56 with 113,852 shares traded as of 11:51 a.m. ET. Average volume has been 248,200 shares over the past 30 days.
Seaspan has a market cap of $1.1 billion and is part of the
industry. Shares are up 28.3% year to date as of the close of trading on Wednesday.
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, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and generally poor debt management. You can view the full
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