Diana Containerships Inc. (DCIX) Trading Down 4.3%
Diana Containerships Inc. (NASDAQ:DCIX) fell 4.3% during trading on Wednesday . The company traded as low as $0.43 and last traded at $0.45. 91,121 shares were traded during 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 50 day moving average price is $4.52 and its 200-day moving average price is $208.61. The stock’s market capitalization is $24315.60.
Diana Containerships (NASDAQ:DCIX) last issued its earnings results on Tuesday, July 25th. The shipping company reported ($137.34) earnings per share (EPS) for the quarter, beating the consensus estimate of ($246.96) by $109.62. Diana Containerships had a negative net margin of 467.42% and a negative return on equity of 27.46%. The business had revenue of $5.50 million during the quarter, compared to analysts’ expectations of $6.80 million. During the same quarter in the prior year, the business posted ($36.96) EPS. The company’s revenue for the quarter was down 31.3% on a year-over-year basis. Equities analysts forecast that Diana Containerships Inc. will post ($949.62) EPS for the current fiscal year.
In other news, insider Gyllenhammar Ab Peter sold 350,000 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $0.23, for a total value of $80,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
An institutional investor recently raised its position in Diana Containerships stock. Renaissance Technologies LLC grew its stake in Diana Containerships Inc. (NASDAQ:DCIX) by 3.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 239,985 shares of the shipping company’s stock after buying an additional 8,500 shares during the period. Renaissance Technologies LLC owned 2.56% of Diana Containerships worth $312,000 at the end of the most recent reporting period.
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Diana Containerships Company Profile
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).