Global Ship Lease (GSL) Reaches New 1-Year Low at $0.83

Shares of Global Ship Lease Inc (NYSE:GSL) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $0.83 and last traded at $0.88, with a volume of 400 shares. The stock had previously closed at $0.99.

The firm has a market capitalization of $55.01 million, a PE ratio of 2.44 and a beta of 0.71. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of 1.35.

Global Ship Lease (NYSE:GSL) last announced its quarterly earnings results on Monday, July 30th. The shipping company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. The business had revenue of $35.01 million for the quarter. Global Ship Lease had a positive return on equity of 7.71% and a negative net margin of 53.56%.

An institutional investor recently raised its position in Global Ship Lease stock. Renaissance Technologies LLC increased its stake in Global Ship Lease Inc (NYSE:GSL) by 9.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,542,700 shares of the shipping company’s stock after purchasing an additional 128,000 shares during the period. Renaissance Technologies LLC owned 2.81% of Global Ship Lease worth $2,036,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.66% of the company’s stock.

Global Ship Lease Company Profile (NYSE:GSL)

Further Reading: 52-Week High/Low Prices For Stock Selection

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