SEACOR Marine (NYSE:SMHI) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

SEACOR Marine Holdings Inc. (NYSE:SMHI) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.40 and traded as low as $7.16. SEACOR Marine shares last traded at $7.4950, with a volume of 69,214 shares traded.

Wall Street Analysts Forecast Growth

SMHI has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a research report on Monday, April 20th. Wall Street Zen raised SEACOR Marine from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Clarkson Capital upgraded SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Monday, March 16th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.00.

SEACOR Marine Price Performance

The company has a quick ratio of 2.32, a current ratio of 2.36 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $202.81 million, a price-to-earnings ratio of -6.88 and a beta of 1.13. The stock’s 50 day moving average price is $7.40 and its two-hundred day moving average price is $7.06.

SEACOR Marine (NYSE:SMHI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.31. The firm had revenue of $44.28 million during the quarter, compared to analysts’ expectations of $49.30 million. SEACOR Marine had a negative net margin of 13.00% and a negative return on equity of 12.38%. Analysts anticipate that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current fiscal year.

Institutional Investors Weigh In On SEACOR Marine

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in SEACOR Marine by 75.1% during the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock valued at $26,000 after acquiring an additional 1,699 shares during the period. Royal Bank of Canada lifted its stake in shares of SEACOR Marine by 781.0% in the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock valued at $41,000 after buying an additional 5,069 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of SEACOR Marine by 289.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after buying an additional 7,406 shares during the period. Valeo Financial Advisors LLC bought a new stake in shares of SEACOR Marine in the fourth quarter valued at about $60,000. Finally, Raymond James Financial Inc. lifted its stake in shares of SEACOR Marine by 197.4% in the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock valued at $98,000 after buying an additional 10,000 shares during the period. 59.05% of the stock is currently owned by institutional investors.

About SEACOR Marine

SEACOR Marine (NYSE:SMHI) is a U.S.-based provider of offshore marine transportation and support services, offering a fleet of platform supply vessels (PSVs), crew transfer vessels, and specialty craft designed for the energy sector. The company serves clients engaged in offshore oil and gas exploration and production, as well as emerging offshore wind and renewable energy projects. Its services include cargo and personnel transfer, subsea support, emergency response, and project logistics.

Formed through the combination of SEACOR Holdings’ offshore marine division and acquired assets from Hornbeck Offshore Services, SEACOR Marine brings together a broad range of technical expertise and vessel capabilities.