Hermitage Offshore Services (NYSE:PSV) Shares Up 11.8%

Hermitage Offshore Services Ltd. (NYSE:PSV) shares shot up 11.8% on Monday . The company traded as high as $1.14 and last traded at $1.14, 189,580 shares changed hands during trading. An increase of 386% from the average session volume of 39,010 shares. The stock had previously closed at $1.02.

Hermitage Offshore Services (NYSE:PSV) last issued its quarterly earnings data on Wednesday, September 4th. The company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.06). Hermitage Offshore Services had a negative return on equity of 30.29% and a negative net margin of 658.25%. The business had revenue of $12.71 million for the quarter.

Hermitage Offshore Services Company Profile (NYSE:PSV)

Hermitage Offshore Services Ltd. operates as an offshore support vessel company. As of June 6, 2019, it had a fleet of 23 vessels, including 10 platform supply vessels, 2 anchor handling tug supply vessels, and 11 crew boats. The company's vessels primarily operate in the North Sea or the West Coast of Africa.

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