Diana Shipping inc. (DSX) Sees Unusually-High Trading Volume
Diana Shipping inc. (NYSE:DSX) shares saw strong trading volume on Monday . 352,975 shares changed hands during trading, a decline of 26% from the previous session’s volume of 475,835 shares.The stock last traded at $3.11 and had previously closed at $3.08.
DSX has been the topic of several research reports. Morgan Stanley restated a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Wells Fargo & Co. restated a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Zacks Investment Research upgraded Diana Shipping inc. from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. Finally, Jefferies Group reiterated a “hold” rating and issued a $2.50 price objective on shares of Diana Shipping inc. in a research note on Wednesday, July 6th. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $4.79.
The firm’s market capitalization is $248.92 million. The firm’s 50 day moving average price is $2.51 and its 200 day moving average price is $2.66.
Diana Shipping inc. (NYSE:DSX) last posted its earnings results on Wednesday, May 18th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.06. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. The company earned $30.80 million during the quarter, compared to analyst estimates of $29.34 million. The company’s revenue was down 26.7% compared to the same quarter last year. Equities research analysts predict that Diana Shipping inc. will post ($1.62) EPS for the current year.
An institutional investor recently raised its position in Diana Shipping inc. stock. Pinnacle Associates Ltd. raised its position in Diana Shipping inc. (NYSE:DSX) by 55.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,759,625 shares of the company’s stock after buying an additional 989,075 shares during the period. Pinnacle Associates Ltd. owned about 3.47% of Diana Shipping inc. worth $12,004,000 as of its most recent filing with the SEC.
Diana Shipping Inc is a holding company. The Company is engaged in providing shipping transportation services. The Company is also engaged in the ocean transportation of dry bulk cargoes across the world through the ownership of dry bulk carrier vessels. Its fleet consists of over 45 dry bulk vessels, of which 22 are Panamax, four are Kamsarmax, three are Post-Panamax, 14 are Capesize and two are Newcastlemax vessels, having a combined carrying capacity of over 5.2 million dead weight tons.
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