One Reason Why Ship Finance (SFL) Stock Is Continuing to Slump Today

NEW YORK (TheStreet) -- Shares of Ship Finance Int'l (SFL) were declining in late-afternoon trading on heavy volume Thursday after the company posted weaker-than-expected results for the 2016 second quarter.

Before yesterday's market open, the Bermuda-based ship owner and chartering company reported adjusted earnings of 48 cents per share, below analysts' estimates of 51 cents per share.

Revenue for the period was $103.99 million, lower than Wall Street's projections of $110.43 million.

About 1.12 million of the company's shares changed hands so far today vs. its average 30-day volume of 516,151 shares per day.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and expanding profit margins.

But the team also finds weaknesses including generally higher debt management risk and weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: SFL

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