Diana Shipping (DSX) Trading Up -5.4%
Diana Shipping inc. (NYSE:DSX)’s share price was up 5.4% on Wednesday . The company traded as high as $4.64 and last traded at $4.26. Approximately 646,147 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 587,117 shares. The stock had previously closed at $4.50.
A number of equities analysts have recently weighed in on DSX shares. Zacks Investment Research upgraded Diana Shipping from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research note on Thursday, October 19th. Jefferies Group started coverage on Diana Shipping in a research note on Monday, December 18th. They issued a “hold” rating and a $4.50 target price on the stock. Citigroup boosted their target price on Diana Shipping from $2.50 to $5.00 and gave the stock a “hold” rating in a research note on Tuesday, October 31st. They noted that the move was a valuation call. ValuEngine downgraded Diana Shipping from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Finally, Deutsche Bank restated a “hold” rating on shares of Diana Shipping in a research note on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Diana Shipping has a consensus rating of “Hold” and an average target price of $5.00.
The stock has a market capitalization of $444.04, a price-to-earnings ratio of -2.26 and a beta of 1.64.
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About Diana Shipping
Diana Shipping Inc is a holding company. The Company is a provider of shipping transportation services. The Company specializes in the ownership of dry bulk vessels. As of February 16, 2017, the Company’s operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).
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