Zacks Investment Research downgraded Golden Ocean Group Ltd (NASDAQ:GOGL) to Hold in a report released today.
- Updated: October 7, 2016
Zacks Investment Research has downgraded Golden Ocean Group Ltd (NASDAQ:GOGL) to Hold in a statement released on 10/07/2016.
On Monday August 29, 2016, Zacks Investment Research released a statement about Golden Ocean Group Ltd (NASDAQ:GOGL) raised the target price from $0.00 to $4.00. At the time, this suggested an upside of 0.10%.
Having a price of $4.14, Golden Ocean Group Ltd (NASDAQ:GOGL) traded -4.61% lower on the day. The last stock price is up 10.26% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Golden Ocean Group Ltd has recorded a 50-day average of $4.00 and a two hundred day average of $3.75. Trading volume was down over the average, with 27,543 shares of GOGL changing hands under the typical 69,635
Recent Performance Chart
Golden Ocean Group Ltd has a with a one year low of $2.55 and a one year high of $14.00 The company’s market cap is currently $0.
Also covering Golden Ocean Group Ltd's stock price target, a total of 10 brokerages have issued a research note on Golden Ocean Group Ltd. The 12-month price target is $0.66 with 3 equity analysts rating the company a strong buy, two firms rating the stock a buy, two analysts rating the company a hold, 5 brokers rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
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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