Diana Shipping inc. (DSX) Trading Up 3.1%
Diana Shipping inc. (NYSE:DSX)’s share price was up 3.1% on Monday . The company traded as high as $2.36 and last traded at $2.35, with a volume of 202,392 shares traded. The stock had previously closed at $2.28.
A number of equities analysts have recently weighed in on the stock. Deutsche Bank AG raised shares of Diana Shipping inc. from a “sell” rating to a “hold” rating and increased their price objective for the company from $1.50 to $2.50 in a research note on Friday. Zacks Investment Research raised shares of Diana Shipping inc. from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. Morgan Stanley reissued a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Jefferies Group reissued a “hold” rating and issued a $2.50 price objective on shares of Diana Shipping inc. in a research note on Wednesday, July 6th. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $4.00.
The stock’s market cap is $187.64 million. The stock’s 50-day moving average price is $2.65 and its 200-day moving average price is $2.62.
Diana Shipping inc. (NYSE:DSX) last posted its earnings results on Thursday, July 28th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.01. The business earned $28.30 million during the quarter, compared to the consensus estimate of $28.07 million. The business’s revenue was down 26.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.19) EPS. Equities research analysts predict that Diana Shipping inc. will post ($1.64) 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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