OceanPal Inc. (NASDAQ:OP – Get Free Report) shares passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $27.75 and traded as low as $14.1501. OceanPal shares last traded at $17.78, with a volume of 255,900 shares traded.
OceanPal Trading Down 39.7%
The company’s 50-day moving average is $27.75 and its 200-day moving average is $14.37. The firm has a market cap of $119.05 million, a price-to-earnings ratio of -0.27 and a beta of 1.16.
OceanPal Company Profile
OceanPal Inc (NASDAQ: OP) is a shipping company that provides seaborne transportation services for dry bulk commodities. The company owns and operates dry bulk vessels that transport cargoes such as iron ore, grain, coal, and other raw materials used in global industrial and agricultural supply chains.
OceanPal typically employs its vessels under time charter, voyage charter, or other commercial arrangements with international charterers. Its business is tied to global trade in dry bulk commodities, and its vessels serve routes connecting major exporting and importing regions worldwide.
The company was established in 2021 and is based in Greece, with its corporate organization in the Marshall Islands.
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