Rubico Inc. (NASDAQ:RUBI – Get Free Report)’s stock price dropped 0.6% on Wednesday . The stock traded as low as $1.77 and last traded at $1.79. Approximately 72,458 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 110,076 shares. The stock had previously closed at $1.80.
Analyst Ratings Changes
Separately, Weiss Ratings raised Rubico from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Rubico has a consensus rating of “Sell”.
Get Our Latest Analysis on Rubico
Rubico Trading Down 0.5%
Rubico (NASDAQ:RUBI – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported ($9.32) earnings per share (EPS) for the quarter. The business had revenue of $4.84 million for the quarter.
Insiders Place Their Bets
In related news, major shareholder Financial Lp Hrt sold 22,040 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $23.75, for a total transaction of $523,450.00. Following the completion of the sale, the insider directly owned 15,397 shares in the company, valued at approximately $365,678.75. This trade represents a 58.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.70% of the stock is currently owned by corporate insiders.
Rubico Company Profile
Rubico Inc is a provider of shipping transportation services specializing in the ownership of vessels. Rubico Inc is based in ATHENS, Greece.
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