BELSHIPS Stock Bullish Momentum With A 9.38% Jump On Tuesday

(VIANEWS) – The Market ended the session with BELSHIPS (BELCO.OL) jumping 9.38% to kr21.05 on Tuesday, after two consecutive sessions in a row of losses. Oslo Børs Benchmark Index_GI slid 0% to kr1,412.36, following the last session’s upward trend on what was a somewhat positive trend exchanging session today.

BELSHIPS’s last close was kr19.24, 13.53% below its 52-week high of kr22.25.

About BELSHIPS

Belships ASA owns and operates dry bulk ships worldwide. It operates through Belships and Lighthouse Navigation segments. The company operates a fleet of 38 modern Supra/Ultramax bulk carriers, including newbuildings. It also provides technical, crewing, port agency, and logistical services. The company was founded in 1918 and is headquartered in Oslo, Norway.

Earnings Per Share

As for profitability, BELSHIPS has a trailing twelve months EPS of kr2.45.

PE Ratio

BELSHIPS has a trailing twelve months price to earnings ratio of 8.59. Meaning, the purchaser of the share is investing kr8.59 for every norwegian krone of annual earnings.

Return on Equity

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 50.41%.

Revenue Growth

Year-on-year quarterly revenue growth declined by 50.8%, now sitting on 614.13M for the twelve trailing months.

Moving Average

BELSHIPS’s worth is way higher than its 50-day moving average of kr17.17 and way above its 200-day moving average of kr17.20.

More news about BELSHIPS (BELCO.OL).

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