SHARES of Box Ships have been downgraded by Barclays from an equal weight rating to an underweight rating as announced in a research note. They have a US$1.50 target price on the stock.
The container shipping company's shares traded down 1.29 per cent during mid-day trading on June 11, hitting $1.53. The stock had a trading volume of 8,454 shares, reported West Virginia-based Ticker Report.
The carrier has a 52-week low of $1.40 and a 52-week high of $4.66. The stock's 50-day moving average is $1.5 and its 200-day moving average is $2.4. It has a market cap of $37.8 million and P/E ratio of 6.77.
Box Ships Inc was formed by Paragon Shipping, a company that specialises in dry bulk cargoes.
Source : HKSG.