Golden Ocean Group Ltd (NASDAQ:GOGL) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 7, 2016
Having a price of $4.14, Golden Ocean Group Ltd (NASDAQ:GOGL) traded -4.61% lower on the day. With the last close up 10.26% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Golden Ocean Group Ltd has recorded a 50-day average of $4.00 and a two hundred day average of $3.75. Volume of trade was down over the average, with 27,543 shares of GOGL changing hands under the typical 69,635
Zacks Investment Research has downgraded Golden Ocean Group Ltd (NASDAQ:GOGL) to Hold in a statement released on 10/7/2016.
On 8/29/2016, Zacks Investment Research released a statement on Golden Ocean Group Ltd (NASDAQ:GOGL) upped the target price from $0.00 to $4.00 that suggested an upside of 0.10%.
With a total market value of $0, Golden Ocean Group Ltd has with a one year low of $2.55 and a one year high of $14.00 .
A total of 10 analysts have released a report on Golden Ocean Group Ltd. Three analysts rating the company a strong buy, two analysts rating the company a buy, two analysts rating the company a hold, five analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $0.66.
More About Golden Ocean Group Ltd (NASDAQ:GOGL)
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. Its fleet includes owned vessels, bareboat vessels, chartered vessels, commercial management vessels and newbuildings. It owns over 40 dry bulk carriers and has contracts for over 20 newbuildings. It also has over 10 vessels chartered-in (of which over eight are chartered in from Ship Finance and over five are chartered in from third parties) and over one vessel chartered-in through a joint venture. Approximately six of the vessels are chartered-out on fixed rate time charters and the other operates in the spot market or fixed on index-linked time charter contracts.
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