Danaos Corp. (DAC) Sees Large Volume Increase
Shares of Danaos Corp. (NYSE:DAC) saw strong trading volume on Thursday . 122,662 shares traded hands during trading, an increase of 63% from the previous session’s volume of 75,345 shares.The stock last traded at $2.80 and had previously closed at $3.23.
Several equities analysts have recently weighed in on the stock. Jefferies Group restated a “hold” rating on shares of Danaos Corp. in a research report on Monday, August 1st. Zacks Investment Research lowered shares of Danaos Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th.
The firm has a market capitalization of $314.03 million and a P/E ratio of 2.29. The firm’s 50-day moving average is $4.02 and its 200-day moving average is $3.83.
Danaos Corp. (NYSE:DAC) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $137 million for the quarter, compared to the consensus estimate of $135.57 million. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 earnings per share. Equities research analysts expect that Danaos Corp. will post $1.56 earnings per share for the current year.
Danaos Corporation is a holding company and an international owner of containerships, chartering its vessels to a range of liner companies. The Company’s principal business is the acquisition and operation of vessels. The Company conducts its operations through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company.
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