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A statement released earlier today by Zacks Investment Research about Danaos Corporation (NYSE:DAC) bumps the target price to $1.50

Boasting a price of $1.40, Danaos Corporation (NYSE:DAC) traded 0.00% even on the day. With the last stock price close down -13.80% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Danaos Corporation has recorded a 50-day average of $1.59 and a two hundred day average of $1.68. Volume of trade was down over the average, with 35,364 shares of DAC changing hands under the typical 125,833

Zacks Investment Research bumped up the target of Danaos Corporation (NYSE:DAC) to $1.50 stating a potential upside of 0.07%.

Performance Chart

Danaos Corporation (NYSE:DAC)

With a total market value of $0, Danaos Corporation has with a one year low of $1.25 and a one year high of $4.40 .

Brief Synopsis About Danaos Corporation (NYSE:DAC)

Danaos Corporation is a holding company and an international owner of containerships, chartering its vessels to a range of liner companies. The Company's principal business is the acquisition and operation of vessels. The Company conducts its operations through the vessel owning companies, whose principal activity is the ownership and operation of containerships that are under the management of a related party of the company. The Company's manager is Danaos Shipping Company Limited (Danaos Shipping). The Company has a fleet of over 50 containerships aggregating approximately 329,590 twenty-foot equivalent units (TEUs). Its containership fleet includes approximately 53 containerships deployed on time charters and approximately two containerships deployed on bareboat charter. Gemini Shipholdings Corporation (Gemini), a company beneficially owned by the Company, owns approximately four additional containerships of over 24,000 TEU aggregate capacity.

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