Star Bulk Carriers Corp. (NASDAQ:SBLK) traded at a new 52-week high today of $33.99. Approximately 173,000 shares have changed hands today, as compared to an average 30-day volume of 2.4 million shares.
Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport major bulks, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. It owns a fleet of vessels that consists of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Panamax, and Supramax. It generates revenues through the voyages it carries out.
Over the past year, Star Bulk Carriers Corp. has traded in a range of $16.56 to $33.99 and is now at $32.87, 98% above that low.
Star Bulk Carriers Corp. (NASDAQ:SBLK) defies analysts with a current price ($32.87) 16.3% above its average consensus price target of $27.51.
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