Diana Shipping inc. (DSX) Shares Down 3.7%
Diana Shipping inc. (NYSE:DSX) shares were down 3.7% during mid-day trading on Friday . The stock traded as low as $2.25 and last traded at $2.31, with a volume of 1,663,097 shares traded. The stock had previously closed at $2.40.
Several research analysts have issued reports on DSX shares. Jefferies Group set a $3.00 price objective on shares of Diana Shipping inc. and gave the stock a “hold” rating in a research report on Wednesday, July 27th. Zacks Investment Research raised shares of Diana Shipping inc. from a “sell” rating to a “hold” rating in a report on Monday, May 23rd. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Diana Shipping inc. in a report on Wednesday, May 18th. Morgan Stanley reaffirmed a “hold” rating on shares of Diana Shipping inc. in a report on Wednesday, May 18th. Finally, Deutsche Bank AG raised shares of Diana Shipping inc. from a “sell” rating to a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.83.
The company’s market capitalization is $183.62 million. The company’s 50 day moving average is $2.66 and its 200 day moving average is $2.62.
Diana Shipping inc. (NYSE:DSX) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by $0.01. The company had revenue of $28.30 million for the quarter, compared to analysts’ expectations of $28.07 million. Diana Shipping inc.’s quarterly revenue was down 26.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.19) earnings per share. On average, equities analysts forecast that Diana Shipping inc. will post ($1.67) EPS 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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