Diana Shipping inc. (DSX) Trading Down 2.2%
Diana Shipping inc. (NYSE:DSX)’s share price was down 2.2% on Thursday . The company traded as low as $2.21 and last traded at $2.24, with a volume of 715,847 shares trading hands. The stock had previously closed at $2.29.
A number of equities analysts have weighed in on DSX shares. Deutsche Bank AG upgraded Diana Shipping inc. from a “sell” rating to a “hold” rating and lifted their price objective for the company from $1.50 to $2.50 in a research note on Friday, August 26th. Jefferies Group reiterated a “hold” rating on shares of Diana Shipping inc. in a research note on Monday. Zacks Investment Research upgraded Diana Shipping inc. from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. Morgan Stanley reiterated a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Diana Shipping inc. in a research note on Wednesday, May 18th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. Diana Shipping inc. has an average rating of “Hold” and a consensus target price of $4.00.
The firm’s market capitalization is $182.81 million. The firm’s 50-day moving average is $2.61 and its 200 day moving average is $2.62.
Diana Shipping inc. (NYSE:DSX) last released 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 had revenue of $28.30 million for the quarter, compared to the consensus estimate of $28.07 million. During the same period in the previous year, the company earned ($0.19) EPS. Diana Shipping inc.’s quarterly revenue was down 26.7% compared to the same quarter last year. Equities research analysts forecast that Diana Shipping inc. will post ($1.64) earnings per share for the current 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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