Star Bulk Carriers (SBLK) Trading Up 8.7%
Star Bulk Carriers Corp. (NASDAQ:SBLK) was up 8.7% during mid-day trading on Monday . The company traded as high as $11.61 and last traded at $11.56. Approximately 1,105,133 shares were traded during trading, an increase of 91% from the average daily volume of 579,502 shares. The stock had previously closed at $10.63.
A number of equities research analysts have recently issued reports on SBLK shares. Jefferies Group restated a “buy” rating and set a $15.00 price target on shares of Star Bulk Carriers in a report on Thursday, October 19th. Zacks Investment Research upgraded shares of Star Bulk Carriers from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Pareto Securities upgraded shares of Star Bulk Carriers from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. BidaskClub upgraded shares of Star Bulk Carriers from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Finally, TheStreet lowered shares of Star Bulk Carriers from a “c” rating to a “d+” rating in a research note on Thursday, September 28th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Star Bulk Carriers has an average rating of “Buy” and a consensus target price of $13.00.
The company has a debt-to-equity ratio of 0.96, a current ratio of 6.93 and a quick ratio of 6.93.
About Star Bulk Carriers
Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Company’s fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt).
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