Diana Shipping Inc. (DSX, Financial) experienced a 5.26% decline in its stock price, with shares falling to $2.19. The trading volume registered at 591,746 shares, while the turnover rate was 0.47%, and the stock's volatility was 5.63%.
Recent financial reports showed that Diana Shipping recorded a revenue of $56 million, a net loss of $2.76 million, and earnings per share of -$0.03. The company achieved a gross profit of $20.58 million and has a price-to-earnings ratio of 24.22. Notably, all the involved financial institutions have provided a buy rating, with no hold or sell recommendations.
Within the broader shipping industry, Diana Shipping saw a sector increase of 0.26%. Among its peers, Caravelle International Group and Globus Maritime Limited marked significant gains. Meanwhile, ZIM Integrated Shipping Services and Ardmore Shipping Corporation showed high activity with turnover rates of 3.04% and 1.56%, respectively. Caravelle International Group and ZIM Integrated Shipping Services were particularly volatile, with amplitudes of 17.24% and 6.41%.
Diana Shipping Inc. operates a fleet of dry bulk vessels, including Panamax, Kamsarmax, Post-Panamax, Capesize, and Newcastlemax types, through its subsidiaries. The company offers transportation services for commodities such as coal, iron ore, and grain, along with smaller bulk cargos like steel products, cement, and fertilizers. The operation and services of its vessels serve as the primary source of revenue.
