Media stories about Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news stories about the shipping company an impact score of 46.2063857672845 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

GNK has been the topic of a number of research analyst reports. ValuEngine downgraded shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Evercore ISI initiated coverage on shares of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) in a report on Monday, November 20th. They issued an “outperform” rating and a $15.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $15.17.

Shares of Genco Shipping & Trading Limited Ordinary Shares New (NYSE:GNK) opened at $12.89 on Thursday. Genco Shipping & Trading Limited Ordinary Shares New has a 52 week low of $6.71 and a 52 week high of $14.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.23 and a quick ratio of 5.23.

In related news, major shareholder Cayman Gp Ltd. Ccp II sold 320,462 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $13.11, for a total value of $4,201,256.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 10.30% of the company’s stock.

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Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) Company Profile

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. The company charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities.

Insider Buying and Selling by Quarter for Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK)

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