Global Ship Lease (GSL) Sees Large Volume Increase
Global Ship Lease, Inc. (NYSE:GSL) shares saw unusually-high trading volume on Friday . Approximately 702,241 shares traded hands during trading, an increase of 314% from the previous session’s volume of 169,581 shares.The stock last traded at $1.15 and had previously closed at $1.12.
Separately, ValuEngine raised shares of Global Ship Lease from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th.
The company has a quick ratio of 1.94, a current ratio of 1.96 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $63.23, a PE ratio of 6.76 and a beta of 1.32.
Global Ship Lease (NYSE:GSL) last released its quarterly earnings results on Thursday, November 2nd. The shipping company reported $0.19 earnings per share for the quarter. Global Ship Lease had a negative net margin of 18.63% and a positive return on equity of 3.08%. The business had revenue of $41.22 million during the quarter.
A hedge fund recently bought a new stake in Global Ship Lease stock. B. Riley Financial Inc. purchased a new position in shares of Global Ship Lease, Inc. (NYSE:GSL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 488,114 shares of the shipping company’s stock, valued at approximately $767,000. B. Riley Financial Inc. owned approximately 0.89% of Global Ship Lease at the end of the most recent quarter. Hedge funds and other institutional investors own 5.40% of the company’s stock.
About Global Ship Lease
Global Ship Lease, Inc is a holding company and containership charter owner. The Company’s activity consists of the ownership and chartering out of containerships. It owns a fleet of containerships with a range of sizes. Its fleet comprises over 20 containerships, with a combined capacity of over 82,310 twenty-foot equivalent unit (TEU) and a weighted average age of over 11.0 years, and a non-weighted average age of over 11.3 years.
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