Shares of Danaos Corp. (NYSE:DAC) saw strong trading volume on Thursday . 132,060 shares traded hands during mid-day trading, an increase of 32% from the previous session’s volume of 99,939 shares.The stock last traded at $4.14 and had previously closed at $4.34.

A number of research analysts recently commented on the company. Jefferies Group restated a “hold” rating and issued a $5.00 price target on shares of Danaos Corp. in a research report on Friday, May 6th. Zacks Investment Research upgraded Danaos Corp. from a “strong sell” rating to a “strong-buy” rating and set a $3.50 target price on the stock in a research report on Wednesday, July 6th.

The stock’s 50-day moving average price is $3.38 and its 200-day moving average price is $4.09. The firm has a market cap of $451.20 million and a PE ratio of 3.45.

Danaos Corp. (NYSE:DAC) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The business earned $137.47 million during the quarter, compared to analysts’ expectations of $138.95 million. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. On average, equities analysts forecast that Danaos Corp. will post $1.59 EPS for the current year.

An institutional investor recently raised its position in Danaos Corp. stock. Neuberger Berman Group LLC raised its stake in Danaos Corp. (NYSE:DAC) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,714,762 shares of the company’s stock after buying an additional 28,995 shares during the period. Neuberger Berman Group LLC owned about 1.56% of Danaos Corp. worth $10,271,000 as of its most recent SEC filing.

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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