Should You Buy the Dip in Seanergy Maritime Holdings? -Breaking
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Holdings in international shipping companies Seanergy Maritime Over the last month, Holdings (NASDAQ 🙂 has lost its price momentum. Companies in this sector are facing challenges due to a continuing supply-demand mismatch, and a labor crunch. What can SHIP do to recover its momentum given the weak profitability of the company and other industry headwinds? You can read more. Seanergy Maritime Holdings Corp., the United States’s first publicly traded Capesize shipowner is pure-play. This company owns and operates modern Capesize vessels that are used for maritime dry bulk shipping. SHIP had 11 Capesize vessels in its fleet as of February 19, 2021.
SHIP’s shares have declined 28.1% in price over the past month to close yesterday’s trading session at $1.10. This stock trades at 55.1% under its 52 week high of $2.45. It was last traded on Tuesday, February 26th, 2021.
Although the freight and shipping industry are seeing a rise in demand before the holidays, a continuing labor shortage at U.S. ports as well as a market imbalance have resulted in historic cargo-ship delays. This could negatively impact SHIP’s growth prospects in the near term.
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