Diana Shipping inc. (DSX) Shares Up 3.1%
Diana Shipping inc. (NYSE:DSX) shot up 3.1% on Monday . The stock traded as high as $2.36 and last traded at $2.35, with a volume of 202,392 shares trading hands. The stock had previously closed at $2.28.
Several research firms have recently weighed in on DSX. Jefferies Group reissued a “hold” rating on shares of Diana Shipping inc. in a report on Monday. Deutsche Bank AG raised Diana Shipping inc. from a “sell” rating to a “hold” rating and increased their price target for the stock from $1.50 to $2.50 in a report on Friday, August 26th. Seaport Global Securities began coverage on Diana Shipping inc. in a report on Tuesday, August 2nd. They set a “neutral” rating and a $3.00 price target for the company. Zacks Investment Research raised Diana Shipping inc. from a “sell” rating to a “hold” rating in a report on Monday, May 23rd. Finally, Wells Fargo & Co. reaffirmed a “hold” rating on shares of Diana Shipping inc. in a report on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $4.00.
The stock has a 50-day moving average of $2.64 and a 200-day moving average of $2.63. The firm’s market capitalization is $190.14 million.
Diana Shipping inc. (NYSE:DSX) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by $0.01. The business earned $28.30 million during the quarter, compared to the consensus estimate of $28.07 million. During the same quarter in the previous year, the company earned ($0.19) EPS. The firm’s revenue was down 26.7% compared to the same quarter last year. On average, equities analysts expect that Diana Shipping inc. will post ($1.64) EPS for the current fiscal year.
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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