Scorpio Bulkers (SALT) Stock Higher Today After Hitting 52-Week Low

NEW YORK (TheStreet) -- Scorpio Bulkers (SALT) shares are up 7% to $3.04 in trading on Wednesday, a day after the marine transportation company's stock reached a 52-week low of $2.83 in intraday trading before closing at $2.84.

Investors still bullish on the stock took that opportunity to reinvest in the stock with shares trading today at nearly triple the stock's daily average over the last three months.

The company is involved in acquiring and operating fuel efficient dry bulk maritime carriers with carrying capacities of greater than 30,000 deadweight tonnage in the international shipping markets. 

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SALT Chart SALT data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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