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Box Ships earns Sell from Clarkson Capital analysts after first half net loss
NEW YORK-listed Box Ships has earned a Sell rating from analysts at Clarkson Capital after a first half net loss, but an improved second quarter, reports American Banking & Market News.
Box Ships posted a first half net loss of US$844,000, but a $675 second quarter profit against a $3.4 million profit made in the previous corresponding quarter, reporting $0.06 earnings per share, and beating the Thomson Reuters consensus of $0.02.
It posted second quarter revenues of $12.8 million against $17.7 million in the previous corresponding quarter. Box Ships was formed by Paragon Shipping, a global provider of dry bulk shipping.
It traded down 1.14 per cent last week, hitting $1.3741; it has a 52-week low of US$1.19 and a 52 week high of $4.3, averaging $1.38 and a 200-day moving average of $1.70. The company has a market capitalisation of $40.3 million.
Box Ships posted a first half net loss of US$844,000, but a $675 second quarter profit against a $3.4 million profit made in the previous corresponding quarter, reporting $0.06 earnings per share, and beating the Thomson Reuters consensus of $0.02.
It posted second quarter revenues of $12.8 million against $17.7 million in the previous corresponding quarter. Box Ships was formed by Paragon Shipping, a global provider of dry bulk shipping.
It traded down 1.14 per cent last week, hitting $1.3741; it has a 52-week low of US$1.19 and a 52 week high of $4.3, averaging $1.38 and a 200-day moving average of $1.70. The company has a market capitalisation of $40.3 million.
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