Gulfmark Offshore Inc. (GLF) Hits New 52-week Low During January 06 Session

Equities Staff |

Gulfmark Offshore Inc. (GLF) established a new 52-week low yesterday, and could be a company to watch at the open. After opening at $4.03, Gulfmark Offshore Inc. dropped to $3.83 for a new 52-week low. By the closing bell, the company's stock was at $3.87 a share for a loss of 8.08%.

Falling to a new 52-week low is never fun for company's shareholder, but, depending on who you ask, it can be either a buy or a sell signal. Someone bearish on the stock might see it reaching its lowest price in a year as a sign of growing downward momentum and make sure they sell their shares. Bulls, though, are more likely to see a new 52-week low as the stock hitting its low point and anticipate a bounce in the share price.

However one plays it, it's often a critical moment for any stock and should be noted by investors.

Gulfmark Offshore Inc. saw 387,594 shares of its stock trade hands, that's out of 25.73 million shares outstand. The stock has an average daily volume of 516,676 shares. After hitting a new 52-week low, Gulfmark Offshore Inc. enters the new trading day with a market cap of 99.58 million, a 50-day SMA of $5.50 and a 200-day SMA of $9.57

For a complete fundamental analysis analysis of Gulfmark Offshore Inc., check out Equities.com’s Stock Valuation Analysis report for GLF. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

GulfMark Offshore Inc provides offshore marine services to companies involved in offshore exploration and production of oil & natural gas. It transports materials, supplies and personnel to offshore facilities and move or position drilling structures.

Gulfmark Offshore Inc. has 1,800 employees, is led by CEO Quintin V. Kneen, and makes its home in Houston, TX.

Gulfmark Offshore Inc. is also a component of the Russell 2000 Index, which is generally viewed as the most reliable indicator of the health of the broader small-cap market. Using a rules-based methodology, it creates a simple, unbiased view of how America's stable of smaller publicly traded companies are performing in the stock markets.

The index consists of the 2,000 smallest companies of the 3,000 largest publicly-traded companies in the country as judged by market cap. It's constructed by Russell Investments, which also builds and maintains the Russell 3000 (an index consisting of all 3,000 biggest companies by market cap) and the large-cap Russell 1000 (which has the 1,000 largest companies from the Russell 3000).

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

PixarBio Corp

PixarBio Corp is a specialty pharmaceutical/biotechnology company focused on pre-clinical and commercial development of novel neurological drug delivery systems for post-operative pain.

Private Markets

XY Find It

Founded by serial entrepreneur Arie Trouw, XY Findables follows a single guiding principle: customers should never lose anything important again. With over 50,000 users around the world, more than 100,000…

Ozobot by Evollve Inc

Ozobot is a world leader in compact super intelligent robots that entertain and educate through fun interactive gaming.