Global Industries, Ltd. (NASDAQ:GLBL) traded with remarkbale volume of 1.70 milliion shares, observed an increase of more than 100.00% from its daily average volume. The stock dealt with high earning per share growth of 161.50% from its last year’s same quarter while remained up with 37.32% from SMA200.
GLBLprice was $7.70 at the beginning of last session and rose 2.72% change to close at $7.92 while its dealing range for the day was $7.70 – $7.94. The stock traded with volume of 1.70 million shares, as compare to 686,821 shares average traded volume; however, market capitalization remained $912.62 million.
In past 12 months the firm generated revenue of $564.42 million, gross earned $159.05 million while price to sales ratio was 1.62. The yearly earning per share growth reached 161.50% while earning per share is expected to grow at 181.00% for the next year and 21.80% for coming 5.
According to the most recent quarter financials the current ratio of 2.44 for the firm represented the resources to meet its current financial obligations. Its stock price moved forward 3.84% from mean of last 20 traded sessions, 10.45% from 50 and increased 37.72% from 200 days average price. GLBL stock’s performance for the week in accordance to its rate of return remained negative with 1.86%, however, it advanced 9.70% for the month and +14.29% for a year.
The firm relied on both resources (debt and equity) to generate finances for its operations as debt to equity ratio for the most recent quarter was 0.36. The company dealt with 3.79% (gross margin) after deducting cost of goods from sales and its operating margin remained -12.50%. Its book value per share reached 7.18 and cash per share was 2.80.
The share price hovered between $4.05 and $8.19 during past 52 week trading, while RSI (14) of 62.10 showed stocks potential to gain in coming trading sessions. The firm had 115.23 million outstanding shares, out of which 101.33 million shares were already floated in the market. Insider ownership for the firm reached 11.69% where as institutional ownership remined 77.06%.
Global Industries, Ltd. provides construction and subsea services, including pipeline construction, platform installation and removal, project management, construction support, diving services, diverless intervention, and marine support services to the offshore oil and gas industry. As of December 31, 2009, its fleet included eight derrick lay barges (DLBs), one heavy lift ship, one pipelay barge, four multi-service vessels (MSVs), three dive support vessels (DSVs), one offshore supply vessel (OSV), and one cargo barge.