Zacks Investment Research upgraded Diana Shipping Inc. (NYSE:DSX) to Hold in a report released today.
- Updated: October 6, 2016
Zacks Investment Research has upgraded Diana Shipping Inc. (NYSE:DSX) to Hold in a report released on Thursday October 06, 2016.
Yesterday Diana Shipping Inc. (NYSE:DSX) traded 0.00% even at $2.78. The company’s 50-day moving average is $2.57 and its 200-day moving average is $2.64. The last stock close price is up 5.46% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 413,151 shares of the stock were exchanged, down from an average trading volume of 521,743
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Diana Shipping Inc. has a 52 week low of $1.95 and a 52 week high of $7.29 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 12 brokers have issued a ratings update on the company. The average stock price target is $2.44 with 0 analysts rating the company a strong buy, one equity analyst rating the company a buy, ten brokerages rating the company a hold, 4 brokers rating the stock a underperform, and finally 2 brokers rating the stock a sell.
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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