(VIANEWS) – The Market ended the session with OCEANTEAM (OTS.OL) rising 25% to kr1.30 on Wednesday, following the last session’s upward trend. Oslo Børs Benchmark Index_GI jumped 0.24% to kr1,371.21, after five sequential sessions in a row of gains, on what was a somewhat bullish trend trading session today.
OCEANTEAM’s last close was kr1.30, 35.32% below its 52-week high of kr2.01.
About OCEANTEAM
Oceanteam ASA operates as a subsea and offshore services company in Europe. It provides equipment for offshore cable laying, umbilical installations, and on- and offshore storage and transport. The company also rents turntables, tensioners, reels, demountable turntable systems, and other cable handling and storage equipment, as well as offers cable and umbilical storage, and handling solutions. It serves renewable energy, 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-0.25.
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 negative -21.79%.
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