Global Ship Lease Inc (NYSE:GSL) shares traded -1.88% lower at $24.48 on Wall Street last session.
GSL stock price is now 10.09% away from the 50-day moving average and 5.78% away from the 200-day moving average. The market capitalization of the company currently stands at $874.82M.
With the price target maintained at $28, Clarksons Platou recently Downgraded its rating from Buy to Neutral for Global Ship Lease Inc (NYSE: GSL). On November 14, 2024, Clarksons Platou Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $27, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, van Lacum Menno, Director bought 6,000 shares of the company’s stock on Sep 05 ’24. The stock was bought for $142,740 at an average price of $23.79. A total of 7.44% of the company’s stock is owned by insiders.
During the past 12 months, Global Ship Lease Inc has had a low of $17.73 and a high of $30.23. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 1.77, and a quick ratio of 1.71. The fifty day moving average price for GSL is $22.2366 and a two-hundred day moving average price translates $23.1475 for the stock.
The latest earnings results from Global Ship Lease Inc (NYSE: GSL) was released for 2025-03-31. The net profit margin was 51.99% and return on equity was 27.25% for GSL. The company reported revenue of $190.97 million for the quarter, compared to $179.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.36 percent. For the current quarter, analysts expect GSL to generate $177.98M in revenue.
