Danaos Corp. (NYSE:DAC)’s share price traded up 1.5% on Friday . The stock traded as high as $4.23 and last traded at $4.17, with a volume of 68,898 shares trading hands. The stock had previously closed at $4.11.

Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Danaos Corp. from a “strong sell” rating to a “strong-buy” rating and set a $3.50 target price for the company in a report on Wednesday, July 6th. Jefferies Group reiterated a “hold” rating and set a $5.00 price target on shares of Danaos Corp. in a report on Friday, May 6th.

The company has a 50 day moving average price of $3.41 and a 200 day moving average price of $4.08. The stock has a market capitalization of $457.79 million and a price-to-earnings ratio of 3.50.

Danaos Corp. (NYSE:DAC) last announced its earnings results on Wednesday, May 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.02. During the same quarter in the prior year, the company earned $0.28 EPS. The company earned $137.47 million during the quarter, compared to the consensus estimate of $138.95 million. The business’s quarterly revenue was down .8% on a year-over-year basis. Analysts predict 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 increased its position in shares of Danaos Corp. (NYSE:DAC) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 1.56% of Danaos Corp. worth $10,271,000 at the end of the most recent quarter.

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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