MPC Container Ships ASA (MPZZF) to Release Earnings on Wednesday

MPC Container Ships ASA (OTCMKTS:MPZZF) is anticipated to announce its results before the market opens on Wednesday, August 26th. Analysts expect MPC Container Ships ASA to announce earnings of $0.0752 per share and revenue of $101.9890 million for the quarter.

MPC Container Ships ASA Trading Up 4.9%

Shares of MPC Container Ships ASA stock opened at $2.80 on Tuesday. The firm’s 50-day simple moving average is $2.53 and its 200-day simple moving average is $2.39. MPC Container Ships ASA has a twelve month low of $1.55 and a twelve month high of $2.94.

Analyst Ratings Changes

Separately, Pareto Securities upgraded shares of MPC Container Ships ASA from a “hold” rating to a “buy” rating in a research note on Friday, July 3rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

MPC Container Ships ASA Company Profile

MPC Container Ships ASA operates as a pure?play container vessel owner and charterer, specializing in the acquisition and long?term chartering of modern container ships. Incorporated in Norway, the company focuses on securing a diversified fleet of gearless vessels, which are then chartered out to established liner operators under fixed?rate time and bareboat agreements. This asset?light model allows MPC Container Ships to benefit from contracted cash flows while mitigating exposure to spot market volatility.

The company’s fleet consists of medium?sized container vessels ranging in capacity from approximately 1,000 TEU to 4,500 TEU, with an emphasis on younger, fuel?efficient ships.