Nice bit of positive from Zacks.com (Strong buy on Drys).
Knightsbridge Shipping (VLCCF) in Focus: Stock Tumbles 16.4% - Tale of the Tape
8:50a ET January 12, 2015 (Zacks.com) Print
Knightsbridge Shipping Limited (VLCCF) saw a big move last session, as the company’s shares fell by over 16% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $3.76–$5.49 in the past one-month time frame, showed a sharp decline on Friday at $4.59.
This slump shouldn’t be too much of a surprise to investors, as the current year loss consensus estimate for this company in the shipping industry has widened 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.
VLCCF currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the transport shipping sector is DryShips, Inc. (DRYS), which currently carries a Zacks Rank #1 (Strong Buy).
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