Diana Containerships Inc. (DCIX) Stock Price Down 4.3%
Diana Containerships Inc. (NASDAQ:DCIX)’s share price traded down 4.3% during mid-day trading on Wednesday . The stock traded as low as $0.43 and last traded at $0.45. 91,121 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 317,644 shares. The stock had previously closed at $0.47.
The company’s market capitalization is $21620.00. The stock’s 50-day moving average is $5.64 and its 200 day moving average is $211.65.
Diana Containerships (NASDAQ:DCIX) last announced its quarterly earnings results on Tuesday, July 25th. The shipping company reported ($137.34) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($246.96) by $109.62. The company had revenue of $5.50 million during the quarter, compared to analyst estimates of $6.80 million. Diana Containerships had a negative return on equity of 27.46% and a negative net margin of 467.42%. The firm’s revenue was down 31.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($36.96) earnings per share. On average, equities analysts expect that Diana Containerships Inc. will post ($949.62) earnings per share for the current fiscal year.
In other Diana Containerships news, insider Gyllenhammar Ab Peter sold 350,000 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $0.23, for a total transaction of $80,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
A hedge fund recently raised its stake in Diana Containerships stock. Renaissance Technologies LLC increased its stake in Diana Containerships Inc. (NASDAQ:DCIX) by 3.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 239,985 shares of the shipping company’s stock after buying an additional 8,500 shares during the quarter. Renaissance Technologies LLC owned about 2.56% of Diana Containerships worth $312,000 as of its most recent filing with the SEC.
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About Diana Containerships
Diana Containerships Inc is a holding company. The Company, through its subsidiaries, is engaged in the ownership of containerships. As of December 31, 2016, the Company’s fleet consisted of six panamax and six post-panamax containerships with a combined carrying capacity of 61,517 twenty-foot equivalent unit (TEU).