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Zacks: New York-listed Box Ships stock receives 'strong sell' rating

TWO brokers that cover Box Ships have given its stocks a "strong sell" rating with an average broker rating score of 4.65.

According to Zacks Investment Research, analysts have set a 12-month consensus target price of US$1.20 for the company and are forecasting that the company will post ($0.05) earnings per share (EPS) for the current quarter. 



Zacks has also assigned Box Ships an industry rank of 217 out of 265 based on the ratings given to its competitors, reported District of Columbia Progressive.



Separately, Zacks downgraded shares of Box Ships from a "strong-buy" rating to a "hold" rating in a research note on August 18.



Shares of Box Ships traded up 3.5636 per cent on October 16, reaching $0.5696. 26,452 shares of the company traded hands. 



Box Ships Inc is engaged in the transportation of containers worldwide through the possession and operation of containerships. The company runs through a number of wholly owned, boat-owning subsidiary companies incorporated in Liberia, Hong Kong and the Marshall Islands.
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