Danaos Co. (NYSE:DAC) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.38 and traded as high as $7.49. Danaos shares last traded at $7.42, with a volume of 19,213 shares changing hands.

A number of brokerages have recently commented on DAC. Zacks Investment Research upgraded Danaos from a “hold” rating to a “strong-buy” rating and set a $7.75 price target for the company in a report on Thursday, August 15th. ValuEngine downgraded shares of Danaos from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th.

The firm’s 50-day simple moving average is $7.45 and its 200-day simple moving average is $6.38. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.51 and a current ratio of 0.55. The company has a market capitalization of $107.44 million, a price-to-earnings ratio of 0.59 and a beta of 1.22.

Danaos (NYSE:DAC) last announced its quarterly earnings data on Monday, August 5th. The shipping company reported $2.24 EPS for the quarter, beating the Zacks’ consensus estimate of $2.10 by $0.14. Danaos had a net margin of 2.14% and a return on equity of 19.24%. The business had revenue of $112.32 million during the quarter, compared to analyst estimates of $106.40 million. Equities research analysts forecast that Danaos Co. will post 8.61 earnings per share for the current year.

Danaos Company Profile (NYSE:DAC)

Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2019, it had a fleet of 55 containerships aggregating 327,616 twenty foot equivalent units in capacity.

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