General Maritime Stock Hits New 52-Week Low (GMR)

NEW YORK ( TheStreet) -- General Maritime Corporation (NYSE: GMR) hit a new 52-week low Thursday as it traded at $2.89 compared with its previous 52-Week low of $2.90. General Maritime is changing hands at $2.91 with 1.8 million shares traded as of 10:47 a.m. ET. Average volume has been 2.2 million shares over the past 30 days. General Maritime has a market cap of $28 million and is part of the services sector and transportation industry. Shares are down 6.2% year to date as of the close of trading on Wednesday.

General Maritime Corporation, through its subsidiaries, provides international transportation services of seaborne crude oil and petroleum products. The company's vessels are primarily available for charter on a spot voyage or time charter basis.

TheStreet Ratings rates General Maritime as sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally weak debt management, disappointing return on equity and poor profit margins. You can view the full General Maritime Ratings Report.

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