Diana Shipping (DSX, Financial) experienced significant stock volatility, with a sharp decline of 5.12%. The stock is currently trading at $2.41 with a volume of 479,854 shares, a turnover rate of 0.38%, and a price fluctuation of 4.33%.
In its latest earnings report, Diana Shipping reported a revenue of $56 million, a net loss of $2.76 million, and an earnings per share (EPS) of -$0.03. The gross profit was $20.58 million, and the price-to-earnings ratio stands at 27.17 times. Despite the negative earnings, both of the rating institutions involved have given a buy recommendation, with no hold or sell ratings.
In the broader maritime industry, the overall growth rate is 0.14%. Among related stocks, Okeanis Eco Tankers Corp., StealthGas Inc., and Performance Shipping Inc. have shown notable gains. Meanwhile, ZIM Integrated Shipping Services, Euroseas Ltd., and Star Bulk Carriers Corp. have been highly active with turnover rates of 4.03%, 0.82%, and 0.70%, respectively. Stocks with the most significant price fluctuations include Globus Maritime Limited, ZIM Integrated Shipping Services, and Capital Clean Energy Carriers Corp., with variations of 8.96%, 7.90%, and 7.64%.
Diana Shipping Inc. provides maritime transport services through a fleet of dry bulk vessels, including Panamax, Kamsarmax, Post-Panamax, Capesize, and Newcastlemax types. The company primarily generates revenue from its shipping services, transporting a variety of goods such as coal, iron ore, and grain, as well as minor bulk cargoes like steel products, cement, and fertilizers.
