NEW YORK ( TheStreet) -- Genco Shipping & Trading (NYSE: GNK) hit a new 52-week low Tuesday as it is currently trading at $3.70, below its previous 52-week low of $3.71 with 622,932 shares traded as of 3:40 p.m. ET. Average volume has been 1.7 million shares over the past 30 days. Genco Shipping & Trading has a market cap of $172.6 million and is part of the services sector and transportation industry. Shares are down 41.7% year to date as of the close of trading on Monday. Genco Shipping & Trading Limited engages in the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels worldwide. It transports iron ore, coal, grain, steel products, and other drybulk cargoes.
TheStreet Ratings rates Genco Shipping & Trading as a 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 weak operating cash flow. You can view the full Genco Shipping & Trading Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.