Seaspan Corporation (NYSE:SSW) hit a new 52-week high Thursday as it changed hands at $16.74 compared with its previous 52-week high of $16.66. Seaspan is currently trading at $16.67 with 96,419 shares changing hands as of 10:57 a.m.
NEW YORK ( TheStreet) -- Seaspan Corporation (NYSE: SSW) hit a new 52-week high Thursday as it traded at $16.74 compared with its previous 52-Week high of $16.66. Seaspan is changing hands at $16.67 with 96,419 shares traded as of 10:57 a.m. ET. Average volume has been 280,000 shares over the past 30 days. Seaspan has a market cap of $1.1 billion and is part of the services sector and transportation industry. Shares are up 31.6% 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.
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TheStreet Ratings rates Seaspan as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and disappointing return on equity. You can view the full Seaspan Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.