Global Ship Lease, Inc. ( GSL ) saw a big move last session, as the company's shares fell nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for GSL, as the stock is down over 23% since Mar 10.FRONTLINE LTD (FRO): Free Stock Analysis ReportGLOBAL SHIP LS (GSL): Get Free ReportSTAR BULK CARRS (SBLK): Free Stock Analysis ReportKNIGHTSBRIDGE (VLCCF): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
This slump shouldn't be too much of a surprise to investors, as the shipping company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
GSL currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Transportation-Shipping industry include Knightsbridge Tankers Limited (VLCCF ), Star Bulk Carriers Corp. ( SBLK ) and Frontline Ltd. ( FRO ). While Knightsbridge and Star Bulk carry a Zacks Rank #1 (strong Buy), Frontline holds a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>