General Maritime Stock Gaps Down On Today's Open (GMR)

NEW YORK ( TheStreet) -- 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 Wednesday and opened today's trading at 22 cents.

The average volume for General Maritime has been 2.3 million shares per day over the past 30 days. General Maritime has a market cap of $28.2 million and is part of the services sector and transportation industry. Shares are down 92.3% year to date as of the close of trading on Wednesday.

General Maritime Corporation, through its subsidiaries, provides transportation services of seaborne crude oil and petroleum products. Its vessels are available for charter on a spot voyage or time charter basis.

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 weak operating cash flow. You can view the full General Maritime Ratings Report.

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