(VIANEWS) – The Market ended the session with OCEANTEAM (OTS.OL) jumping 12.78% to kr1.50 on Tuesday, after two sequential sessions in a row of losses. Oslo Børs Benchmark Index_GI rose 0.3% to kr1,240.92, following the last session’s upward trend on what was a somewhat bullish trend trading session today.
OCEANTEAM’s last close was kr1.33, 76.58% below its 52-week high of kr5.68.
About OCEANTEAM
Oceanteam ASA operates as a subsea and offshore services company in Europe. It provides equipment for offshore cable laying, umbilical installations, handling of subsea cables, and on- and offshore storage and transport. The company also rents turntables, tensioners, reels, demountable carousels, and other cable handling equipment. It serves renewable, and oil and gas industries. The company was formerly known as Oceanteam Shipping ASA and changed its name to Oceanteam ASA in December 2015. Oceanteam ASA was incorporated in 2005 and is headquartered in Bærum, Norway.
Earnings Per Share
As for profitability, OCEANTEAM has a trailing twelve months EPS of kr-11.078.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -13.71%.
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