Shares of Danaos Corp. (NYSE:DAC) saw an uptick in trading volume on Thursday . 132,060 shares were traded during mid-day trading, an increase of 32% from the previous session’s volume of 99,939 shares.The stock last traded at $4.14 and had previously closed at $4.34.

A number of brokerages have recently weighed in on DAC. Zacks Investment Research upgraded Danaos Corp. from a “strong sell” rating to a “strong-buy” rating and set a $3.50 price target for the company in a report on Wednesday, July 6th. Jefferies Group reiterated a “hold” rating and issued a $5.00 price target on shares of Danaos Corp. in a report on Friday, May 6th.

The stock’s 50-day moving average price is $3.41 and its 200-day moving average price is $4.08. The company has a market capitalization of $457.79 million and a price-to-earnings ratio of 3.50.

Danaos Corp. (NYSE:DAC) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. During the same quarter last year, the company posted $0.28 EPS. The company had revenue of $137.47 million for the quarter, compared to the consensus estimate of $138.95 million. The business’s revenue was down .8% compared to the same quarter last year. Equities research analysts forecast that Danaos Corp. will post $1.59 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Danaos Corp. stock. Neuberger Berman Group LLC increased its stake in Danaos Corp. (NYSE:DAC) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,714,762 shares of the company’s stock after buying an additional 28,995 shares during the period. Neuberger Berman Group LLC owned approximately 1.56% of Danaos Corp. worth $10,271,000 as of its most recent filing with the SEC.

Danaos Corporation is a holding company and an international owner of containerships, chartering its vessels to a range of liner companies. The Company’s principal business is the acquisition and operation of vessels. The Company conducts its operations through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company.

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