NEW YORK ( TheStreet) -- Seaspan Corporation (NYSE: SSW) hit a new 52-week high Friday as it traded at $20.20 compared with its previous 52-Week high of $19.74. Seaspan is changing hands at $19.31 with 436,428 shares traded as of 11:27 a.m. ET. Average volume has been 313,300 shares over the past 30 days.

Seaspan has a market cap of $1.3 billion and is part of the services sector and transportation industry. Shares are up 56.6% 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.
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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.

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