Golden Ocean Group (GOGL) Trading 5.1% Higher
Shares of Golden Ocean Group Ltd (NASDAQ:GOGL) traded up 5.1% on Tuesday . The stock traded as high as $8.82 and last traded at $8.69. 820,300 shares traded hands during trading, an increase of 137% from the average session volume of 346,037 shares. The stock had previously closed at $8.27.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Golden Ocean Group from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Monday, September 4th. Clarkson Capital downgraded shares of Golden Ocean Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 17th. Finally, Nordea Equity Research raised shares of Golden Ocean Group from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $11.00.
The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.94.
COPYRIGHT VIOLATION NOTICE: “Golden Ocean Group (GOGL) Trading 5.1% Higher” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.watchlistnews.com/golden-ocean-group-gogl-trading-5-1-higher/1759929.html.
Golden Ocean Group Company Profile
Golden Ocean Group Limited, formerly Knightsbridge Shipping Limited, is an international dry bulk shipping company. The Company is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. Its vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers.
Receive News & Ratings for Golden Ocean Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Ocean Group and related companies with MarketBeat.com's FREE daily email newsletter.