(VIANEWS) – Shares of SOLSTAD OFFSHORE (Oslo Børs Benchmark Index_GI: SOFF.OL) rose by a staggering 20.52% in 5 sessions from kr20.66 to kr24.90 at 17:37 EST on Tuesday, after three sequential sessions in a row of gains. Oslo Børs Benchmark Index_GI is falling 0.89% to kr1,202.34, after two consecutive sessions in a row of gains.
SOLSTAD OFFSHORE’s last close was kr22.98, 55.81% under its 52-week high of kr52.00.
About SOLSTAD OFFSHORE
Solstad Offshore ASA operates offshore service vessels and maritime services to offshore energy industry. It owns and operates platform supply vessel, anchor handling tug support vessel, and construction service vessels. The company offers subsea construction and renewable energy services, such as geotechnical work, walk to work services, grouting, SURF operations, cable laying and repair, trenching and burial, ROV support, installation of subsea equipment, survey work, IMR operations, node seismic operations, and diving and topside maintenance work. It operates a fleet of 27 construction service vessels, 20 anchor handling tug support vessels, and 39 platform supply vessels. The company was founded in 1964 and is headquartered in Skudeneshavn, Norway.
Earnings Per Share
As for profitability, SOLSTAD OFFSHORE has a trailing twelve months EPS of kr-14.15.
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 -46.22%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 40.1%, now sitting on 6.3B for the twelve trailing months.
Volume
Today’s last reported volume for SOLSTAD OFFSHORE is 2254160 which is 20.93% above its average volume of 1330090.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, SOLSTAD OFFSHORE’s stock is considered to be oversold (<=20).
More news about SOLSTAD OFFSHORE (SOFF.OL).
