Ultrapetrol Slumps: ULTR Falls 7.7% in Session - Tale of the Tape

Ultrapetrol (Bahamas) Ltd. (ULTR) saw a big move last session, as the company’s shares fell nearly 8% 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 recent downtrend for ULTR, as the stock is now down about 6% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as this industrial shipping company has seen 2 negative revisions 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.

ULTR currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.

Some better-ranked stocks in the same sector include Knightsbridge Tankers Limited (VLCCF), Star Bulk Carriers Corp. (SBLK) and Eagle Bulk Shipping, Inc. (EGLE). While Knightsbridge Tankers and Star Bulk Carriers carry a Zacks Rank #1 (Strong Buy), Eagle Bulk Shipping holds a Zacks Rank #2 (Buy).

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EAGLE BULK SHPG (EGLE): Free Stock Analysis Report

STAR BULK CARRS (SBLK): Free Stock Analysis Report

ULTRAPETROL LTD (ULTR): Free Stock Analysis Report

KNIGHTSBRIDGE (VLCCF): Free Stock Analysis Report

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