Shares of Diana Shipping Inc (NYSE:DSX) traded up 8.9% on Friday . The stock traded as high as $3.46 and last traded at $3.42. 655,232 shares traded hands during trading, an increase of 68% from the average session volume of 391,183 shares. The stock had previously closed at $3.14.
Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Diana Shipping from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. ValuEngine upgraded shares of Diana Shipping from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $4.75.
The stock has a market capitalization of $333.25 million, a price-to-earnings ratio of -4.33 and a beta of 1.32.
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About Diana Shipping (NYSE:DSX)
Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including iron ore, coal, and grains, as well as steel products, cement, and fertilizers through its ownership of dry bulk vessels worldwide. As of December 31, 2017, it operated a fleet of 50 dry bulk carriers, including 22 Panamax, 5 Kamsarmax, 5 Post-Panamax, 14 Capesize, and 4 Newcastlemax vessels.
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