New York shipping tycoon Peter Georgiopoulos’s Genco Shipping & Trading Ltd (NYSE:GNK) will file for Chapter 11 bankruptcy as part of a recently unveiled debt-for-equity deal that the company reached with creditors, according to regulatory disclosures. Genco Shipping & Trading Limited (NYSE:GNK) shares after opening at $1.54 moved to $2.91 on last trade day and at the end of the day closed at $1.94. Company price to sales ratio in past twelve months was calculated as 0.44 and price to cash ratio as 0.79. Genco Shipping & Trading Limited (NYSE:GNK) showed a positive weekly performance of 14.79%.
On March 26, 2014, Baltic Trading Limited (NYSE:BALT), entered into a letter agreement with John C. Wobensmith to amend his employment agreement with the Company dated December 19, 2013 (the “Baltic Trading Employment Agreement”). Baltic Trading Ltd (NYSE:BALT) shares advanced 6.39% in last trading session and ended the day on $6.49. BALT return on equity ratio is recorded as -5.30% and its return on assets is -3.80%. Baltic Trading Ltd (NYSE:BALT) yearly performance is 84.37%.
Eagle Bulk Shipping Inc. (NASDAQ:EGLE) on 31 march 2014 announced that it has filed its 2013 Annual Report on Form 10-K with the Securities and Exchange Commission, which includes audited financial statements for its fiscal year ended December 31, 2013. Eagle Bulk Shipping Inc. (NASDAQ:EGLE) shares moved up 13.00% in last trading session and was closed at $4.52, while trading in range of $3.98 – $4.67. Eagle Bulk Shipping Inc. (NASDAQ:EGLE) year to date (YTD) performance is -1.53%.
SYNNEX Corporation (NYSE:SNX) is spiking on Friday after posting record first-quarter sales growth and earnings higher than analysts’ estimates after the bell a day earlier. SYNNEX Corporation (NYSE:SNX) weekly performance is 31.07%. On last trading day company shares ended up $76.94. SYNNEX Corporation (NYSE:SNX) distance from 50-day simple moving average (SMA50) is 30.13%. Analysts mean target price for the company is $68.00.