Diana Shipping inc. (DSX) Trading Up 8.6%
Diana Shipping inc. (NYSE:DSX) was up 8.6% during mid-day trading on Friday . The stock traded as high as $2.66 and last traded at $2.66, with a volume of 190,038 shares. The stock had previously closed at $2.45.
Several equities research analysts have issued reports on DSX shares. Jefferies Group reaffirmed a “hold” rating and set a $2.50 price target on shares of Diana Shipping inc. in a research note on Wednesday. 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. Wells Fargo & Co. reiterated a “hold” rating on shares of Diana Shipping inc. in a report on Wednesday, May 18th. Finally, Morgan Stanley reiterated a “hold” rating on shares of Diana Shipping inc. in a report on Wednesday, May 18th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Diana Shipping inc. presently has a consensus rating of “Hold” and a consensus target price of $4.79.
The firm’s market cap is $208.10 million. The company’s 50-day moving average is $2.40 and its 200-day moving average is $2.73.
Diana Shipping inc. (NYSE:DSX) last issued its quarterly earnings results on Wednesday, May 18th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.35) by $0.06. The business had revenue of $30.80 million for the quarter, compared to analysts’ expectations of $29.34 million. During the same quarter in the previous year, the business posted ($0.15) EPS. The company’s quarterly revenue was down 26.7% compared to the same quarter last year. Equities research analysts expect that Diana Shipping inc. will post ($1.62) EPS for the current fiscal year.
A hedge fund recently raised its stake in Diana Shipping inc. stock. Pinnacle Associates Ltd. increased its position in 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 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.
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