Oceanpal (NASDAQ:SVRN) Stock Rating Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Oceanpal (NASDAQ:SVRN) to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Oceanpal from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Oceanpal Price Performance

Shares of SVRN opened at $35.05 on Friday. The firm has a market capitalization of $65.89 million, a PE ratio of -0.04 and a beta of 0.94. Oceanpal has a 1 year low of $3.12 and a 1 year high of $74.74. The stock’s 50-day simple moving average is $22.69.

About Oceanpal

OceanPal Inc is a maritime transportation company focused on owning and operating dry bulk vessels. Its ships are used to transport major dry bulk commodities, including iron ore, grain, coal and other bulk cargoes.

The company serves international trade routes and typically makes its vessels available to customers through time charters, voyage charters or other commercial arrangements. Its operations are therefore tied to global shipping demand and the movement of commodities between producing and consuming regions.

OceanPal was established as an independent shipping company following its separation from Diana Shipping Inc The company is headquartered in Greece and has historically operated a fleet of dry bulk carriers.