August 9, 2016 - 5:33 PM EDT
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Ultrapetrol (Bahamas) Limited (ULTR) Weighs on Services Sector with Slide of 12.5% on August 9

Ultrapetrol (Bahamas) Limited (ULTR) was one of the weakest stocks in the services sector of the NYSE and NASDAQ listed companies on August 9, skidding 12.5% to close the day at $0.37 after closing the day prior at $0.42. Throughout the day, shares of ULTR traded as high as $0.42 and as low as $0.35. Today's decline came with about 378,285 shares changing hands, compared to an average 30-day volume of 336,036 for Ultrapetrol (Bahamas) Limited. The price is currently below the 30-day volume weighted average price of $0.38 for ULTR. The share depreciation gives the company a market capitalization of $59.11 million based upon 140.73 million shares outstanding. It also means that ULTR has a price-to-book ratio of 0.2:1. In the past 52 weeks, shares of ULTR have traded as low as $0.05 and as high as $0.9649. Technical traders will take note that at $0.37, shares of ULTR are trading above their 200-day MA at $0.27 and above their 50-day MA at $0.33. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish. Who is ULTR? Ultrapetrol (Bahamas) Ltd is a shipping transportation company serving the marine transportation needs of clients in the geographic markets for containers, grain soybean, forest products, minerals, crude oil, petroleum, and refined petroleum products. The company’s 1332 employees are led by CEO Damian Scokin from the corporate headquarters at Ocean Centre, Montague Foreshore in Nassau, . For more information on ULTR and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit today. All data provided by QuoteMedia, with stock data accurate as of 4:00 PM ET. is not responsible for inaccuracies in third-party supplied information. About is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.

Source: Financial Press News (August 9, 2016 - 5:33 PM EDT)

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