Seaspan Corporation (NYSE:SSW) hit a new 52-week high Friday as it changed hands at $15.06 compared with its previous 52-week high of $15.05. Seaspan is currently trading at $15.05 with 127,723 shares changing hands as of 12:30 p.m..
NEW YORK ( TheStreet) -- Seaspan Corporation (NYSE: SSW) hit a new 52-week high Friday as it traded at $15.06 compared with its previous 52-Week high of $15.05. Seaspan is changing hands at $15.05 with 127,723 shares traded as of 12:30 p.m. ET. Average volume has been 218,900 shares over the past 30 days. Seaspan has a market cap of $1 billion and is part of the services sector and transportation industry. Shares are up 17.7% year to date as of the close of trading on Thursday. 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 Seaspan Ratings Report.