Zacks Investment Research downgraded Danaos Corporation (NYSE:DAC) to Sell in a report released today.
- Updated: October 4, 2016
Yesterday Danaos Corporation (NYSE:DAC) traded -3.64% lower at $2.65. The company’s 50-day moving average is $3.14 and its 200-day moving average is $3.58. The last stock close price is down -25.97% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 42,983 shares of the stock were exchanged, down from an average trading volume of 94,431
Zacks Investment Research has downgraded Danaos Corporation (NYSE:DAC) to Sell in a report released on 10/04/2016.
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Danaos Corporation has a 52 week low of $2.57 and a 52 week high of $6.64 with a P/E ratio of 2.12 The company’s market cap is currently $0.
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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