Shopify, Blackstone, United Parcel Service, WNS, Carrier Global, Etsy, and Rio Tinto are the seven Shipping stocks to watch today, according to MarketBeat's stock screener tool. Shipping stocks are equity shares of companies that operate or own vessels engaged in maritime transport, such as container ships, bulk carriers and oil tankers. Their performance is closely tied to global trade volumes and freight rates, making them cyclical and sensitive to economic growth, fuel costs and regulatory changes. These companies had the highest dollar trading volume of any Shipping stocks within the last several days.
Shopify (SHOP)
Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.
Shares of NYSE:SHOP traded up $1.84 during mid-day trading on Wednesday, reaching $114.32. The stock had a trading volume of 6,082,237 shares, compared to its average volume of 9,306,976. Shopify has a twelve month low of $48.56 and a twelve month high of $129.38. The firm has a market cap of $148.32 billion, a PE ratio of 73.76, a price-to-earnings-growth ratio of 4.82 and a beta of 2.61. The firm has a 50 day simple moving average of $106.85 and a two-hundred day simple moving average of $104.83.
Read Our Latest Research Report on SHOP
Blackstone (BX)
Blackstone Inc. is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. The firm typically invests in early-stage companies. It also provide capital markets services.
Shares of Blackstone stock traded up $2.13 during trading on Wednesday, reaching $158.48. The stock had a trading volume of 3,760,624 shares, compared to its average volume of 3,865,607. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.67. Blackstone has a 52 week low of $115.66 and a 52 week high of $200.96. The stock has a fifty day moving average price of $142.04 and a two-hundred day moving average price of $151.07. The company has a market capitalization of $115.63 billion, a price-to-earnings ratio of 47.74, a P/E/G ratio of 1.41 and a beta of 1.65.
Read Our Latest Research Report on BX
United Parcel Service (UPS)
United Parcel Service, Inc., a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.
NYSE:UPS traded down $0.04 during mid-day trading on Wednesday, hitting $102.34. The stock had a trading volume of 4,520,930 shares, compared to its average volume of 5,240,162. United Parcel Service has a twelve month low of $90.55 and a twelve month high of $148.15. The stock has a market cap of $86.66 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.95 and a beta of 1.21. The company's 50 day simple moving average is $99.02 and its 200 day simple moving average is $109.43. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09.
Read Our Latest Research Report on UPS
WNS (WNS)
WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through TSLU, MRHP, HCLS, and BFSI segments. It engages in diversified business, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure, utilities, shipping, and logistics; healthcare and life sciences; banking, financial services, and insurance; and Hi-tech and professional services, as well as procurement.
WNS stock traded up $0.18 during trading hours on Wednesday, hitting $74.92. 5,648,099 shares of the stock were exchanged, compared to its average volume of 724,084. The firm has a market capitalization of $3.48 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.15 and a beta of 0.93. WNS has a 12 month low of $42.62 and a 12 month high of $74.95. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $59.30 and a two-hundred day simple moving average of $58.22.
Read Our Latest Research Report on WNS
Carrier Global (CARR)
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.
CARR stock traded up $1.04 during mid-day trading on Wednesday, hitting $75.94. The stock had a trading volume of 4,093,703 shares, compared to its average volume of 4,686,919. Carrier Global has a 52 week low of $54.22 and a 52 week high of $83.32. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The firm has a fifty day simple moving average of $72.03 and a 200 day simple moving average of $67.46. The firm has a market capitalization of $65.10 billion, a P/E ratio of 11.76, a P/E/G ratio of 2.06 and a beta of 1.31.
Read Our Latest Research Report on CARR
Etsy (ETSY)
Etsy, Inc., together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.
ETSY traded up $0.67 on Wednesday, reaching $54.13. The stock had a trading volume of 3,777,175 shares, compared to its average volume of 4,708,146. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 38.66, a price-to-earnings-growth ratio of 2.95 and a beta of 1.74. The firm has a 50-day moving average of $52.11 and a 200-day moving average of $50.72. Etsy has a fifty-two week low of $40.05 and a fifty-two week high of $66.81.
Read Our Latest Research Report on ETSY
Rio Tinto (RIO)
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.
NYSE:RIO traded up $0.04 on Wednesday, reaching $58.77. 3,272,533 shares of the stock traded hands, compared to its average volume of 3,066,783. The company's 50 day moving average is $59.45 and its 200-day moving average is $60.05. Rio Tinto has a 1-year low of $51.67 and a 1-year high of $72.08. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $73.70 billion, a price-to-earnings ratio of 9.11 and a beta of 0.66.
Read Our Latest Research Report on RIO
Further Reading
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