Shares of Diana Shipping inc. (NYSE:DSX) traded down 6.3% on Tuesday . The stock traded as low as $2.49 and last traded at $2.54, with a volume of 331,740 shares traded. The stock had previously closed at $2.71.

Several analysts have weighed in on the stock. Deutsche Bank AG dropped their target price on shares of Diana Shipping inc. from $4.00 to $1.50 in a research report on Wednesday, March 9th. Jefferies Group restated a “hold” rating and set a $2.50 price objective on shares of Diana Shipping inc. in a research note on Wednesday. Wells Fargo & Co. restated a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Morgan Stanley restated a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Finally, 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. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Diana Shipping inc. currently has an average rating of “Hold” and an average target price of $4.79.

The stock’s market capitalization is $201.70 million. The stock’s 50-day moving average is $2.39 and its 200-day moving average is $2.74.

Diana Shipping inc. (NYSE:DSX) last announced its quarterly earnings results on Wednesday, May 18th. The company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.06. During the same quarter in the prior year, the company earned ($0.15) EPS. The business had revenue of $30.80 million for the quarter, compared to the consensus estimate of $29.34 million. The firm’s revenue was down 26.7% compared to the same quarter last year. On average, equities analysts anticipate that Diana Shipping inc. will post ($1.62) earnings per share for the current year.

A hedge fund recently raised its stake in Diana Shipping inc. stock. Pinnacle Associates Ltd. increased its stake in shares of Diana Shipping inc. (NYSE:DSX) by 55.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,759,625 shares of the company’s stock after buying an additional 989,075 shares during the period. Pinnacle Associates Ltd. owned about 3.47% of Diana Shipping inc. worth $12,004,000 at the end of the most recent reporting period.

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.