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2011 start-up Box Ships gets a 'strong sell' bell from analysts
NEW YORK-listed start up Box Ships has been assigned an average broker rating score of 4.65 (Strong Sell) from the two analysts that cover the company, Zacks Investment Research reports.
Two research analysts have rated the stock with a strong sell recommendation.
Analysts have set a one year consensus target price of US$1.20 for the company and are expecting that the company will post ($0.05) earnings per share for the current quarter, according to Zacks.
Zacks has also assigned Box Ships an industry rank of 100 out of 265 based on the ratings given to related companies.
Box Ships last released its quarterly earnings results August 17, reporting $0.02 earnings per share for the quarter.
The firm had revenue of $11.6 million for the quarter, compared to analysts' expectations of $12 million. On average, equities research analysts expect that Box Ships will post ($0.12) earnings per share for the current fiscal year.
Box Ships is an international shipping company engaged worldwide container shipment.
The company outsources the technical and commercial management of its vessels. It operates through a number of wholly owned, vessel-owning subsidiaries incorporated in Liberia, Marshall Islands and Hong Kong.
The Athens-based charter owner, listed in New York in 2011, but its shares slipped on their debut.
At the time. parent company Paragon Shipping, a bulk shipping line, hoped to raise $200 million in a listing of 10 million shares, then valued at $15 to $17 each on the New York Stock Exchange, but the IPO ended up raising $147 million instead.
By August, Box Ships shares sell 18.8 per cent below in the previous four weeks. Its shares are now rated negative as compared to the S&P 500 for the past week following a share price shrinkage of 8.46 per cent.
Two research analysts have rated the stock with a strong sell recommendation.
Analysts have set a one year consensus target price of US$1.20 for the company and are expecting that the company will post ($0.05) earnings per share for the current quarter, according to Zacks.
Zacks has also assigned Box Ships an industry rank of 100 out of 265 based on the ratings given to related companies.
Box Ships last released its quarterly earnings results August 17, reporting $0.02 earnings per share for the quarter.
The firm had revenue of $11.6 million for the quarter, compared to analysts' expectations of $12 million. On average, equities research analysts expect that Box Ships will post ($0.12) earnings per share for the current fiscal year.
Box Ships is an international shipping company engaged worldwide container shipment.
The company outsources the technical and commercial management of its vessels. It operates through a number of wholly owned, vessel-owning subsidiaries incorporated in Liberia, Marshall Islands and Hong Kong.
The Athens-based charter owner, listed in New York in 2011, but its shares slipped on their debut.
At the time. parent company Paragon Shipping, a bulk shipping line, hoped to raise $200 million in a listing of 10 million shares, then valued at $15 to $17 each on the New York Stock Exchange, but the IPO ended up raising $147 million instead.
By August, Box Ships shares sell 18.8 per cent below in the previous four weeks. Its shares are now rated negative as compared to the S&P 500 for the past week following a share price shrinkage of 8.46 per cent.
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