Scorpio Bulkers (NYSE:SALT) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a note issued to investors on Wednesday, December 27th. The Relative Strength Index (RSI) is an often employed momentum oscillator that is used to measure the speed and change of stock price movements. Finally, Jefferies Group LLC lifted their price objective on shares of Scorpio Bulkers from $6.00 to $9.00 and gave the company a "buy" rating in a research note on Monday, January 23rd.
Needle moving action has been spotted in Scorpio Bulkers Inc (SALT) as shares are moving today on volatility 5.14% or 0.38 from the open. The company's vessels consist of Ultramax, Kamsarmax and Capesize. It operates shipyards in Japan, China and Romania.
Scorpio Bulkers Inc is a shipping company.
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It is positive, as 19 investors sold PPC shares while 68 reduced holdings. 15 funds opened positions while 94 raised stakes. Finally, Berenberg Bank reaffirmed a "hold" rating on shares of Barrick Gold in a research report on Tuesday, October 24th.
A number of equities research analysts recently weighed in on the stock.
Equity research analysts at Noble Financial initiated coverage on Scorpio Bulkers (NYSE:SALT) with a key Buy rating. They set a "buy" rating and a $14.00 price target on the stock. BidaskClub raised shares of Scorpio Bulkers from a "sell" rating to a "hold" rating in a research note on Thursday, September 21st. The rating was maintained by Stifel Nicolaus with "Hold" on Tuesday, July 18. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. (NYSE:SALT) news were published by: Globenewswire.com which released: "Scorpio Bulkers Inc". The 14-day RSI is now sitting at 51.50, the 7-day is at 48.05, and the 3-day is spotted at 24.39 for Scorpio Bulkers Inc (SALT). The firm has a market cap of $632.40, a PE ratio of -6.73 and a beta of 3.56. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.54. Scorpio Bulkers has a 52-week low of $5.70 and a 52-week high of $10.14. Credit Suisse upgraded the stock to "Outperform" rating in Monday, March 13 report. The shipping company reported ($0.15) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.14) by ($0.01). The firm had revenue of $38.60 million during the quarter, compared to analysts' expectations of $40.04 million.
More notable recent Scorpio Bulkers Inc. Scorpio Bulkers's revenue was up 61.5% on a year-over-year basis. sell-side analysts predict that Scorpio Bulkers will post -0.58 EPS for the current fiscal year. Shaker Financial Services Llc owns 149,152 shares or 3.18% of their United States portfolio. The stock market is still producing plenty of green arrows, and investors need to be able to capitalize. Bank of New York Mellon Corp lifted its holdings in shares of Scorpio Bulkers by 0.3% during the 2nd quarter.
Sears Holdings Corp (SHLD) Major Shareholder Sells $1425851.00 in Stock
To measure price-variation, we found SHLD's volatility during a week at 9.9% and during a month it has been found around 6.46%. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Active traders may be zooming in on some additional technical indicators for share assessment. Marshall Wace North America L.P. purchased a new stake in Scorpio Bulkers during the second quarter valued at approximately $245,000. It has ranged in price between $7.65-$7.95 after having started the session at $7.95 as compared to the previous trading day's close of $7.9. GSA Capital Partners LLP acquired a new stake in Scorpio Bulkers in the 2nd quarter valued at about $138,000.
ILLEGAL ACTIVITY WARNING: This story was first reported by TrueBlueTribune and is owned by of TrueBlueTribune. The next couple of weeks may be the ideal time for investors to put the pedal down and try to develop a strategy that will beat the market over the next quarter. (NYSE:SALT) earned "Buy" rating by Deutsche Bank on Tuesday, January 3.
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