Golden Ocean Group Ltd. (GOGL) Sees Strong Trading Volume
Golden Ocean Group Ltd. (NASDAQ:GOGL) saw unusually-high trading volume on Monday . Approximately 74,688 shares were traded during trading, an increase of 47% from the previous session’s volume of 50,742 shares.The stock last traded at $3.68 and had previously closed at $3.50.
GOGL has been the subject of several recent research reports. Clarkson Capital reiterated a “buy” rating on shares of Golden Ocean Group in a research note on Friday, June 17th. Zacks Investment Research upgraded shares of Golden Ocean Group from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research note on Monday. Finally, Jefferies Group reiterated a “buy” rating on shares of Golden Ocean Group in a research note on Monday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Golden Ocean Group has a consensus rating of “Hold” and a consensus price target of $4.50.
The company’s 50-day moving average is $3.55 and its 200 day moving average is $3.60. The stock’s market capitalization is $385.64 million.
Golden Ocean Group (NASDAQ:GOGL) last posted its earnings results on Wednesday, August 24th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by $0.04. Equities analysts forecast that Golden Ocean Group Ltd. will post ($1.42) EPS for the current year.
Golden Ocean Group Limited, formerly Knightsbridge Shipping Limited, is an international dry bulk shipping company. The Company is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. Its vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers.