Economy

Diana Shipping inc. (NYSE:DSX) Experiences Light Trading Volume

Diana Shipping Inc.'s fleet now consists of 51 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 23 Panamax). The stock now has an average rating of "Hold" and an average price target of $4.33.

A number of other research firms also recently issued reports on DSX. BidaskClub downgraded shares of Diana Shipping inc. from a buy rating to a hold rating in a research note on Monday, July 24th. Zacks Investment Research raised Diana Shipping inc. from a "hold" rating to a "buy" rating and set a $4.25 target price for the company in a research note on Tuesday, July 11th.

11/18/2016 - Diana Shipping inc. had its "sell" rating reiterated by analysts at UBS.

04/07/2017 - Diana Shipping inc. was upgraded to "overweight" by analysts at JP Morgan. But for now, the stock price is moving slightly higher and does have room to the upside before it hits a potential wall of resistance and an overbought momentum rating of five bulls. Then see the current price relative to the highest moving average and you will have a "back of the envelope" technical indicator in your back pocket for any stock at any time.

The share price of Diana Shipping inc. (NYSE DSX) opened at 4.04 on Monday. So far 260,709 shares have been traded. After a recent check, the 14-day RSIfor Diana Shipping Inc (DSX) is now at 50.25, the 7-day stands at 49.67, and the 3-day is sitting at 44.51. Returns in the stock market may often mimic the amount of risk. Diana Shipping inc. has a 52-week low of 2.36 and a 52-week high of 6.20. (NYSE:DSX) last posted its quarterly earnings data on Wednesday, July 26th. The shipping company reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.25) by ($0.01). Diana Shipping inc. The company had revenue of $37.75 million during the quarter, compared to analysts' expectations of $36.21 million. Next quarter's EPS is expected be $-0.18 and the next full year EPS is anticipated to be $-0.40. The stock is performing 33.77% year to date. If you are reading this article on another website, it was illegally copied and republished in violation of global copyright and trademark laws. Hedge funds and other institutional investors own 37.33% of the company's stock.

Deep diving into the technical levels for Diana Shipping Inc (DSX), we note that the equity now has a 14-day Commodity Channel Index (CCI) of 89.49. Stifel Financial Corp now owns 3,348,238 shares of the shipping company's stock worth $13,569,000 after purchasing an additional 476,967 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its position in shares of Diana Shipping inc.by 10.2% during the second quarter. Finally, Hermes Investment Management Ltd. bought a new stake in Diana Shipping inc. during the second quarter worth about $1,624,000.

As of the end of the quarter Chartwell Investment Partners, LLC had disposed of 35,000 shares trimming its stake by 6.6%. Parametric Portfolio Associates LLC boosted its position in Diana Shipping inc.by 1.9% during the first quarter.

Royce & Associates LP increased its position in Diana Shipping inc.by 34.1% during the 2nd quarter.

Digging deeping into the Diana Shipping Inc (DSX) 's technical indicators, we note that the Williams Percent Range or 14 day Williams %R now sits at -47.83. 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 February 16, 2017, the Company's operating fleet consisted of 48 dry bulk carriers, of which 23 were Panamax, four were Kamsarmax, three were Post-Panamax, 14 were Capesize and four were Newcastlemax vessels, having a combined carrying capacity of approximately 5.7 million deadweight tonnage (dwt).



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