European Stocks to Watch: FreeSeas Inc (FREE), Sea
Post# of 22755
February 9th, 2016 adam smith Stocks 0 comments
FreeSeas Inc (NASDAQ:FREE):
The company’s RSI reading has hit 3.84. The stock edged lower by -32.52% to close previous trading session at USD 0.05.
The shares of the company fluctuated in the range of USD 0.05 and USD 4,250.00 in the course of 52 weeks. Over the three months, the company’s shares have declined by -98.27% and in the past one year, it has lost -100%. Additionally, the stock’s year to date performance has declined -94.41%. Over the last five days its shares have declined by -60% and in the past six months it has moved down -99.84%.
Further, the stock is at a price to book ratio of 0.00. The stock’s weekly volatility is calculated as 46.90% and monthly volatility as 33.65% with ATR of 0.10, beta of 5.01 and price to cash ratio of 1.36.
FreeSeas Inc. (FREE) a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize vessels and an owner of a controlling stake in a company commercially operating tankers, announced onJanuary 14 that the Company’s Amended and Restated Articles of Incorporation are being amended to effect a reverse stock split of the Company’s issued and outstanding common stock at a ratio of one new share for every 60 shares currently outstanding.
The Company anticipates that its common stock will begin trading on a split-adjusted basis when the market opens on January 15, 2016. FreeSeas’ common stock will continue to trade under the symbol “FREE.” The common shares will also trade under a new CUSIP number Y26496 219.
Seadrill Partners LLC (NYSE:SDLP):
The stock decreased by -16.15% to close last trading session at USD 2.18. The company’s shares oscillated in the range of USD 2.00 and USD 2.53 during intraday trade.
A total of 1.48 million shares exchanged hands, above its 3 month average volume of 1.17 million shares. Over the last five days its shares have declined by -32.2% and in the past six months it has moved down -80.45%.
Furthermore, the stock has weekly volatility of 13.39% and monthly volatility of 12.83% with ATR of 0.32. The stock’s RSI is 35.37 and distance from 50-day simple moving average is -42.84%, whereas its distance from 20-day simple moving average is -16.36% and distance from 200-day simple moving average is -74.76%.
Seadrill Partners LLC (SDLP) declaredon January 26 that its board of directors has declared a quarterly cash distribution with respect to the quarter ended December 31, 2015 of $0.25 per unit. This cash distribution will be paid on or about February 12, 2016 to all unitholders of record as of the close of business on February 5, 2016.Seadrill Partners LLC owns, operates, and acquires offshore drilling units. The company primarily serves various oil and gas companies. As of March 31, 2015, its fleet consisted of four semi-submersible drilling rigs, three drillships, and three tender rigs.
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