Danaos Corp. (DAC) Sees Strong Trading Volume
Danaos Corp. (NYSE:DAC) saw unusually-high trading volume on Monday . Approximately 192,851 shares were traded during mid-day trading, an increase of 28% from the previous session’s volume of 150,195 shares.The stock last traded at $4.29 and had previously closed at $4.41.
Several analysts have issued reports on DAC shares. Jefferies Group restated a “hold” rating and issued a $5.00 target price on shares of Danaos Corp. in a research note on Friday, May 6th. Zacks Investment Research upgraded Danaos Corp. from a “strong sell” rating to a “strong-buy” rating and set a $3.50 target price on the stock in a research note on Wednesday, July 6th.
The stock’s 50 day moving average is $3.59 and its 200 day moving average is $4.03. The stock has a market cap of $478.65 million and a PE ratio of 3.66.
Danaos Corp. (NYSE:DAC) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The business earned $137.47 million during the quarter, compared to analyst estimates of $138.95 million. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts predict that Danaos Corp. will post $1.58 EPS for the current year.
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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