General Maritime Corporation (NYSE:GMR) hit a new 52-week low Wednesday as it changed hands at $2.63 compared with its previous 52-week low of $2.64. General Maritime is currently trading at $2.63 with 664,514 shares changing hands as of 11:26 a.m. as compared to the average daily trading volume of 2.3 million.
NEW YORK ( TheStreet) -- General Maritime Corporation (NYSE: GMR) hit a new 52-week low Wednesday as it traded at $2.63 compared with its previous 52-Week low of $2.64. General Maritime is changing hands at $2.63 with 664,514 shares traded as of 11:26 a.m. ET. Average volume has been 2.3 million shares over the past 30 days. General Maritime has a market cap of $237.4 million and is part of the services sector and transportation industry. Shares are down 17.5% year to date as of the close of trading on Tuesday. 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. See all 52-week low stocks or get investment ideas from our investment research center.
Shares of General Maritime Corporation (NYSE:GMR) were gapping down Thursday morning with an open price 15.4% lower than Wednesday's closing price. The stock closed at 26 cents yesterday and opened today's trading at 22 cents.