Diana Shipping inc. (DSX) Sees Strong Trading Volume
Shares of Diana Shipping inc. (NYSE:DSX) saw an uptick in trading volume on Tuesday . 607,957 shares were traded during trading, an increase of 57% from the previous session’s volume of 387,332 shares.The stock last traded at $2.78 and had previously closed at $2.54.
A number of research firms have issued reports on DSX. Jefferies Group restated a “hold” rating and set a $2.50 price target on shares of Diana Shipping inc. in a research note on Wednesday, July 6th. Zacks Investment Research upgraded 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 research note on Wednesday, May 18th. Finally, Morgan Stanley reiterated a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $4.79.
The firm has a 50-day moving average of $2.42 and a 200-day moving average of $2.70. The firm’s market capitalization is $222.51 million.
Diana Shipping inc. (NYSE:DSX) last announced its quarterly earnings data on Wednesday, May 18th. The company reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.06. The firm had revenue of $30.80 million for the quarter, compared to analyst estimates of $29.34 million. During the same period in the prior year, the company earned ($0.15) earnings per share. The business’s revenue was down 26.7% compared to the same quarter last year. Analysts anticipate that Diana Shipping inc. will post ($1.62) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Diana Shipping inc. stock. Pinnacle Associates Ltd. increased its position in shares of Diana Shipping inc. (NYSE:DSX) by 55.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 3.47% of Diana Shipping inc. worth $12,004,000 as of its most recent SEC filing.
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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