Diana Shipping inc. (NYSE:DSX) shares dropped 3.8% during trading on Wednesday . The stock traded as low as $2.48 and last traded at $2.51, with a volume of 236,543 shares. The stock had previously closed at $2.61.

DSX has been the subject of several analyst reports. Morgan Stanley reissued a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Wells Fargo & Co. reissued a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Zacks Investment Research raised Diana Shipping inc. from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. Jefferies Group reissued a “hold” rating and set a $2.50 target price on shares of Diana Shipping inc. in a research note on Wednesday, July 6th. Finally, Seaport Global Securities initiated coverage on Diana Shipping inc. in a research note on Tuesday, August 2nd. They set a “neutral” rating and a $3.00 target price for the company. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Diana Shipping inc. has a consensus rating of “Hold” and an average price target of $3.83.

The stock’s market capitalization is $202.95 million. The firm’s 50 day moving average is $2.67 and its 200-day moving average is $2.63.

Diana Shipping inc. (NYSE:DSX) last issued its earnings results on Thursday, July 28th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.01. The company earned $28.30 million during the quarter, compared to analyst estimates of $28.07 million. The company’s revenue for the quarter was down 26.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.19) earnings per share. On average, analysts anticipate that Diana Shipping inc. will post ($1.67) earnings per share for the current fiscal 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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