Diana Shipping Inc. (DSX, Financial) saw its stock price rise significantly by 5.05%, reaching $2.29 per share with a trading volume of 490,338 shares and a turnover rate of 0.39%. The price fluctuation was recorded at 4.82%.
Recent financial results for the company indicated a revenue of $56 million, a net loss of $2.76 million, and an earnings per share (EPS) of -$0.03. The gross profit stood at $20.58 million, resulting in a price-to-earnings (P/E) ratio of 25.39. Among the two institutions that rated the stock, both recommended it as a buy, with no suggestions to hold or sell.
Within the maritime sector, which experienced an overall decline of 1.21%, Diana Shipping was among the top performers alongside Matson, Inc. and ZIM Integrated Shipping. Active stocks in the industry included ZIM Integrated Shipping, Seacor Marine Holdings Inc., and Matson, Inc., with turnover rates of 2.89%, 2.57%, and 1.15% respectively. The most volatile stocks were Seacor Marine Holdings Inc., Matson, Inc., and Caravelle International Group, showing fluctuations of 12.93%, 12.37%, and 10.65%.
Diana Shipping Inc. operates a fleet of dry bulk vessels, including Panamax, Kamsarmax, Post-Panamax, Capesize, and Newcastlemax types. These ships transport various cargoes such as coal, iron ore, and grain, as well as minor bulk products like steel, cement, and fertilizers. The company's main revenue source is its shipping services, which operate under similar economic conditions.
