Shares of OceanPal Inc. (NASDAQ:OP – Get Free Report) traded up 1.4% during trading on Thursday . The company traded as high as $8.41 and last traded at $8.15. 3,026 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 12,412,086 shares. The stock had previously closed at $8.04.
OceanPal Stock Down 2.4%
The firm has a market cap of $53.57 million, a price-to-earnings ratio of -0.12 and a beta of 1.16. The company’s fifty day moving average is $9.14 and its 200 day moving average is $11.77.
Institutional Trading of OceanPal
A hedge fund recently bought a new stake in OceanPal stock. Citadel Advisors LLC purchased a new stake in OceanPal Inc. (NASDAQ:OP – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,841 shares of the company’s stock, valued at approximately $28,000. Citadel Advisors LLC owned approximately 0.34% of OceanPal as of its most recent SEC filing.
About OceanPal
OceanPal Inc (NASDAQ: OP) is a Bermuda‐incorporated shipping company focused on the ownership and operation of modern crude oil tankers on a long‐term time charter basis. The company’s fleet includes both very large crude carriers (VLCCs) and Suezmax vessels, constructed at leading shipyards and maintained to high technical and safety standards. By securing multi‐year charter agreements with major oil producers and trading houses, OceanPal aims to generate stable revenue streams and enhance predictability of cash flows.
The origins of OceanPal trace back to General Maritime Corp., which was established in 2005 and listed on the NASDAQ.
See Also
- Five stocks we like better than OceanPal
- Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop
- Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs?
- The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story
- Why Intuitive Surgical’s Strong Quarter Still Spooked Investors
Receive News & Ratings for OceanPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OceanPal and related companies with MarketBeat.com's FREE daily email newsletter.
