Golden Ocean Group Ltd (NASDAQ:GOGL) has been upgraded to Buy in a report by Pareto Securities today.
- Updated: October 10, 2016
Having a price of $4.14, Golden Ocean Group Ltd (NASDAQ:GOGL) traded 1.45% higher on the day. The last stock close price is up 11.85% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. GOGL has recorded a 50-day moving average of $4.00 and a 200-day moving average of $3.75. Volume of trade was down over the average, with 55,148 shares of GOGL changing hands under the typical 69,635
Pareto Securities has upgraded Golden Ocean Group Ltd (NASDAQ:GOGL) to Buy in a statement released on 10/10/2016.
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Golden Ocean Group Ltd has a with a one year low of $2.55 and a one year high of $14.00 Golden Ocean Group Ltd’s market capitalization is currently $0.
Also covering Golden Ocean Group Ltd's target, a total of 10 brokerages have issued a ratings update on Golden Ocean Group Ltd. The 12-month price target is $0.66 with 3 brokers rating the stock a strong buy, two equity analysts rating the company a buy, 2 analysts rating the company a hold, 5 brokers rating the stock a underperform, and finally zero firms rating the stock a sell.
General Information 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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