Costamare (NYSE:CMRE) : During the past 4 weeks, traders have been relatively bearish on Costamare (NYSE:CMRE), hence the stock is down -23.4% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.88% relative to the S&P 500. The stock has risen by 0.39% in the past week indicating that the buyers are active at lower levels, but the stock is down -22.17% in the past 4 weeks.
The company shares have dropped -57.61% from its 1 Year high price. On Jul 22, 2015, the shares registered one year high at $18.93 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.16 and the 200 Day Moving Average price is recorded at $8.66.
The stock has recorded a 20-day Moving Average of 13.91% and the 50-Day Moving Average is 16.21%.
Costamare (NYSE:CMRE): stock turned positive on Friday. Though the stock opened at $7.35, the bulls momentum made the stock top out at $7.89 level for the day. The stock recorded a low of $7.31 and closed the trading day at $7.69, in the green by 6.22%. The total traded volume for the day was 695,031. The stock had closed at $7.24 in the previous days trading.
Costamare Inc. (Costamare) is an international owner of containerships. The Company provides worldwide marine transportation services by chartering its container vessels to the liner operators under long, medium and short-term time charters. As of February 27, 2015, the Company had a fleet of 68 containerships with a total capacity in excess of 447,000 twenty foot equivalent unit (TEU), including nine new builds on order. The Companys containerships operate primarily under long-term, fixed-rate time charters. The Companys fleet of vessels includes COSCO GUANGZHOU, COSCO NINGBO, COSCO YANTIAN, VANTAGE, MSC MANDRAKI and ZIM NEW YORK, among others. As of February 27, 2015, the average (weighted by TEU capacity) remaining time-charter duration for its fleet of 68 containerships was approximately 4.5 years, based on the remaining fixed terms and assuming the exercise of any owners options and the non-exercise of any charterers options under its containerships charters.