Baltic Trading Limited (BALT) was a big mover last session, as its shares rose over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the company since March 24, as the stock is now trading above the volatile price range of $5.98 to $6.40.
In the last 30-day frame, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Baltic Trading currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Other better-ranked stocks in the shipping industry include Teekay Tankers Ltd. (TNK), Nordic American Tankers Limited (NAT) and Knightsbridge Tankers Limited (VLCCF). While Teekay Tankers and American Tankers carry a Zacks Rank #2 (Buy), Knightsbridge Tankers sports a Zacks Rank #1 (Strong Buy).
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BALTIC TRADING LTD (BALT): Free Stock Analysis Report
TEEKAY TANKERS LTD (TNK): Free Stock Analysis Report
KNIGHTSBRIDGE TANKERS LTD (VLCCF): Free Stock Analysis Report
NORDIC AMERICAN TANKER (NAT): Free Stock Analysis Report
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Baltic Trading (BALT) Soars: Stock Adds 6.4% in Session
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