Global Ship Lease (GSL) Reaches New 52-Week Low at $0.97

Global Ship Lease Inc (NYSE:GSL)’s share price reached a new 52-week low on Thursday . The company traded as low as $0.97 and last traded at $0.99, with a volume of 39035 shares traded. The stock had previously closed at $1.00.

The company has a market capitalization of $60.51 million, a price-to-earnings ratio of 2.68 and a beta of 0.71. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of 1.35.

Global Ship Lease (NYSE:GSL) last released its quarterly earnings data on Monday, July 30th. The shipping company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The company had revenue of $35.01 million for the quarter. Global Ship Lease had a positive return on equity of 7.71% and a negative net margin of 53.56%.

A hedge fund recently raised its stake in Global Ship Lease stock. Renaissance Technologies LLC boosted its stake in shares of Global Ship Lease Inc (NYSE:GSL) by 9.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,542,700 shares of the shipping company’s stock after buying an additional 128,000 shares during the period. Renaissance Technologies LLC owned 2.81% of Global Ship Lease worth $2,036,000 at the end of the most recent quarter. 5.66% of the stock is owned by institutional investors and hedge funds.

About Global Ship Lease (NYSE:GSL)

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