Diana Shipping Inc. (NYSE:DSX) has been downgraded to Sell in a statement by Pareto Securities earlier today.
- Updated: October 10, 2016
Pareto Securities has downgraded Diana Shipping Inc. (NYSE:DSX) to Sell in a statement released on 10/10/2016.
Boasting a price of $2.76, Diana Shipping Inc. (NYSE:DSX) traded -4.71% lower on the day. With the last stock price close up -0.28% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Diana Shipping Inc. has recorded a 50-day average of $2.58 and a two hundred day average of $2.64. Volume of trade was down over the average, with 437,600 shares of DSX changing hands under the typical 522,558
With a total market value of $0, Diana Shipping Inc. has with a one year low of $1.95 and a one year high of $7.29 .
A total of 12 brokers have released a ratings update on DSX. zero brokerages rating the company a strong buy, one analyst rating the company a buy, 10 brokers rating the stock a hold, four brokerages rating the company a underperform, and finally 2 firms rating the company a sell with a one year target of $2.44.
More About Diana Shipping Inc. (NYSE:DSX)
Diana Shipping Inc. is a holding company. The Company is engaged in providing shipping transportation services. The Company is also engaged in the ocean transportation of dry bulk cargoes across the world through the ownership of dry bulk carrier vessels. Its fleet consists of over 45 dry bulk vessels, of which 22 are Panamax, four are Kamsarmax, three are Post-Panamax, 14 are Capesize and two are Newcastlemax vessels, having a combined carrying capacity of over 5.2 million dead weight tons. Its vessels include Danae, Dione, Erato, Leto, Myrto and Alcmene, among others. The Company's vessels are primarily used to transport iron ore, coal, grains and minor bulks, including steel products, cement and fertilizers. The commercial and technical management of its fleet, as well as the provision of administrative services relating to the fleet's operations, are carried out by its subsidiary, Diana Shipping Services S.A, and its joint venture, Diana Wilhelmsen Management Limited.
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