Performance Shipping (NASDAQ:PSHG) Trading 1.4% Higher

Performance Shipping Inc. (NASDAQ:PSHG)’s stock price was up 1.4% during trading on Monday . The company traded as high as $2.25 and last traded at $2.20. Approximately 78,289 shares were traded during trading, a decline of 9% from the average daily volume of 86,298 shares. The stock had previously closed at $2.17.

Performance Shipping Stock Performance

The business has a 50-day moving average price of $1.98 and a 200-day moving average price of $2.02. The company has a quick ratio of 5.06, a current ratio of 5.21 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $27.02 million, a price-to-earnings ratio of 1.15 and a beta of -0.31.

Performance Shipping (NASDAQ:PSHG) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.63 EPS for the quarter. The firm had revenue of $22.72 million during the quarter. Performance Shipping had a net margin of 63.28% and a return on equity of 33.48%.

Institutional Investors Weigh In On Performance Shipping

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC grew its position in shares of Performance Shipping by 38.1% in the third quarter. Acadian Asset Management LLC now owns 459,092 shares of the company’s stock valued at $903,000 after purchasing an additional 126,772 shares during the period. Quadrature Capital Ltd purchased a new position in Performance Shipping in the 4th quarter valued at about $56,000. Finally, Cable Car Capital LLC acquired a new stake in Performance Shipping in the 4th quarter worth about $120,000. Institutional investors and hedge funds own 19.90% of the company’s stock.

Performance Shipping Company Profile