ValuEngine cut shares of Global Ship Lease (NYSE:GSL) from a sell rating to a strong sell rating in a research report released on Saturday morning, ValuEngine reports.

Separately, Clarkson Capital assumed coverage on shares of Global Ship Lease in a research report on Tuesday, April 9th. They set a buy rating and a $9.00 price target on the stock.

Shares of NYSE:GSL opened at $6.61 on Friday. The stock has a market cap of $66.51 million, a PE ratio of 3.76, a PEG ratio of 0.72 and a beta of 0.87. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 2.44. Global Ship Lease has a 12 month low of $4.00 and a 12 month high of $11.60.

Global Ship Lease (NYSE:GSL) last issued its quarterly earnings data on Tuesday, May 7th. The shipping company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.38 by $0.06. The firm had revenue of $64.51 million during the quarter. Global Ship Lease had a negative net margin of 28.19% and a positive return on equity of 7.52%. On average, equities analysts anticipate that Global Ship Lease will post 1.87 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clear Harbor Asset Management LLC purchased a new position in shares of Global Ship Lease during the first quarter valued at about $101,000. Deutsche Bank AG purchased a new position in shares of Global Ship Lease during the fourth quarter valued at about $186,000. Finally, B. Riley Financial Inc. increased its position in shares of Global Ship Lease by 38.4% during the fourth quarter. B. Riley Financial Inc. now owns 417,914 shares of the shipping company’s stock valued at $259,000 after buying an additional 115,980 shares during the period. Institutional investors own 4.65% of the company’s stock.

Global Ship Lease Company Profile

Global Ship Lease, Inc owns and charters containerships of various sizes under fixed-rate charters to container shipping companies. As of December 31, 2018, it owned 38 vessels with a total capacity of 200,615 twenty-foot equivalent units. The company is based in London, the United Kingdom.

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