Diana Shipping inc. (DSX) Trading Down 5.6%
Diana Shipping inc. (NYSE:DSX) was down 5.6% during trading on Tuesday . The company traded as low as $2.52 and last traded at $2.54, with a volume of 479,629 shares changing hands. The stock had previously closed at $2.69.
A number of equities research analysts recently commented on DSX shares. Jefferies Group reiterated a “hold” rating and issued a $2.50 target price on shares of Diana Shipping inc. in a research report on Wednesday, July 6th. Zacks Investment Research upgraded Diana Shipping inc. from a “sell” rating to a “hold” rating in a research report on Monday, May 23rd. Seaport Global Securities started coverage on Diana Shipping inc. in a research report on Tuesday, August 2nd. They issued a “neutral” rating and a $3.00 target price on the stock. Wells Fargo & Co. reiterated a “hold” rating on shares of Diana Shipping inc. in a research report on Wednesday, May 18th. Finally, Morgan Stanley reiterated a “hold” rating on shares of Diana Shipping inc. in a research report on Wednesday, May 18th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3.83.
The firm has a 50-day moving average of $2.63 and a 200 day moving average of $2.62. The firm’s market capitalization is $206.97 million.
Diana Shipping inc. (NYSE:DSX) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.40) by $0.01. The company earned $28.30 million during the quarter, compared to analysts’ expectations of $28.07 million. During the same quarter in the previous year, the business posted ($0.19) EPS. Diana Shipping inc.’s quarterly revenue was down 26.7% on a year-over-year basis. On average, analysts anticipate that Diana Shipping inc. will post ($1.67) earnings per share for the current year.
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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