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

NEW YORK ( TheStreet) -- General Maritime Corporation (NYSE: GMR) hit a new 52-week low Wednesday as it is currently trading at $1.28, below its previous 52-week low of $1.31 with 932,199 shares traded as of four p.m. ET. Average volume has been 2.3 million shares over the past 30 days.

General Maritime has a market cap of $160.2 million and is part of the services sector and transportation industry. Shares are down 58.6% 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.
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TheStreet Ratings rates General Maritime as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full General Maritime Ratings Report.

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