Home / Market Movers / Services Sector Gets a Lift from 8.09% Morning Gain for Ultrapetrol (Bahamas) Limited (ULTR) on September 22

Services Sector Gets a Lift from 8.09% Morning Gain for Ultrapetrol (Bahamas) Limited (ULTR) on September 22

Ultrapetrol (Bahamas) Limited (ULTR) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 22. At the lunch break, shares of ULTR have tacked on 8.09% to $0.35 after closing the day prior at $0.32. In the first two and a half hours of trading, the stock has gone as high as $0.35 and as low as $0.33. Today’s rise has come with about 24,788 shares changing hands, compared to an average 30-day volume of 90,920 for Ultrapetrol (Bahamas) Limited. The price is currently below the 30-day volume weighted average price of $0.34 for ULTR.

The share appreciation gives the company a market capitalization of $45.03 million based upon 140.73 million shares outstanding. It also means that ULTR has a price-to-book ratio of 0.16:1.

In the past 52 weeks, shares of ULTR have traded as low as $0.05 and as high as $0.82. Technical traders will take note that at $0.35, shares of ULTR are trading above their 200-day MA at $0.26 and above their 50-day MA at $0.34. 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 above them is typically regarded as bullish.

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, .


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