Safe Bulkers (SB) is Trading Lower on Unusual Volume for January 11

Equities Staff |

Safe Bulkers (SB) experienced unusually high volume on Jan. 11, as the stock lost 11.44% to a closing price of $0.41. The stock saw 962,250 shares trade hands over the course of the day on 1,250 trades. Given that the stock’s average daily volume over the last month has been 409,816 shares a day, this represents a pretty substantial spike over the norm.

Safe Bulkers has a P/B ratio of 0.05. The stock has traded between $4.13 and $0.46 over the last 52-weeks, its 50-day SMA is now $1.51, and its 200-day SMA $2.91.

Safe Bulkers Inc an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain & iron ore, along shipping routes for some of the consumers of marine drybulk transportation services.

Headquartered in Athens, , Safe Bulkers has 692 employees and is currently under the leadership of CEO Polys Hajioannou.

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

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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.

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