Diana Shipping inc. (DSX) Sees Unusually-High Trading Volume
Diana Shipping inc. (NYSE:DSX) saw strong trading volume on Tuesday . 607,957 shares changed hands 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 equities research analysts have issued reports on the company. Jefferies Group reissued a “hold” rating and set a $2.50 price target on shares of Diana Shipping inc. in a research report on Wednesday, July 6th. Wells Fargo & Co. reissued a “hold” rating on shares of Diana Shipping inc. in a research report on Wednesday, May 18th. Morgan Stanley reissued a “hold” rating on shares of Diana Shipping inc. in a research report on Wednesday, May 18th. Finally, Zacks Investment Research raised Diana Shipping inc. from a “sell” rating to a “hold” rating in a research report on Monday, May 23rd. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $4.79.
The company’s 50-day moving average price is $2.44 and its 200 day moving average price is $2.70. The firm’s market capitalization is $251.33 million.
Diana Shipping inc. (NYSE:DSX) last released its earnings results on Wednesday, May 18th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.06. The firm earned $30.80 million during the quarter, compared to the consensus estimate of $29.34 million. During the same period in the prior year, the firm earned ($0.15) EPS. The firm’s quarterly revenue was down 26.7% on a year-over-year basis. On average, analysts forecast 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. raised its position in shares of Diana Shipping inc. (NYSE:DSX) by 55.9% during the fourth quarter, according to its most recent disclosure 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 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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