Shares of Diana Shipping inc. (NYSE:DSX) were down 3.8% on Wednesday . The company 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.

A number of analysts have recently weighed in on DSX shares. Zacks Investment Research upgraded shares of Diana Shipping inc. from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. Morgan Stanley restated a “hold” rating on shares of Diana Shipping inc. in a research report on Wednesday, May 18th. Jefferies Group restated a “hold” rating and set a $2.50 price target on shares of Diana Shipping inc. in a research report on Wednesday, July 6th. Wells Fargo & Co. restated a “hold” rating on shares of Diana Shipping inc. in a research report on Wednesday, May 18th. Finally, Seaport Global Securities began coverage on shares of Diana Shipping inc. in a research report on Tuesday, August 2nd. They set a “neutral” rating and a $3.00 price target on the stock. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $3.83.

The stock’s 50 day moving average is $2.68 and its 200 day moving average is $2.62. The company’s market cap is $194.09 million.

Diana Shipping inc. (NYSE:DSX) last issued its quarterly earnings data 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. During the same period in the previous year, the company earned ($0.19) EPS. The firm had revenue of $28.30 million for the quarter, compared to analyst estimates of $28.07 million. The company’s revenue was down 26.7% on a year-over-year basis. Equities research analysts forecast that Diana Shipping inc. will post ($1.67) EPS 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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