Diana Shipping (NYSE:DSX) Downgraded to “Sell” Rating by Wall Street Zen

Diana Shipping (NYSE:DSX) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Diana Shipping Trading Up 3.5%

Shares of DSX opened at $1.94 on Friday. The stock has a market capitalization of $224.01 million, a P/E ratio of 32.26 and a beta of 0.83. The company has a quick ratio of 2.52, a current ratio of 2.58 and a debt-to-equity ratio of 1.24. The firm has a fifty day simple moving average of $1.62 and a two-hundred day simple moving average of $1.59. Diana Shipping has a twelve month low of $1.27 and a twelve month high of $2.58.

Diana Shipping (NYSE:DSX) last announced its quarterly earnings results on Wednesday, July 30th. The shipping company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $54.69 million during the quarter, compared to analysts’ expectations of $52.55 million. Diana Shipping had a net margin of 9.36% and a return on equity of 4.09%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in Diana Shipping in the 1st quarter worth $26,000. Virtu Financial LLC bought a new position in Diana Shipping in the 1st quarter worth $33,000. Total Wealth Planning & Management Inc. bought a new position in Diana Shipping in the 4th quarter worth $38,000. Jane Street Group LLC bought a new position in Diana Shipping in the 4th quarter worth $43,000. Finally, State of Wyoming bought a new position in Diana Shipping in the 1st quarter worth $44,000. 48.68% of the stock is currently owned by institutional investors.

Diana Shipping Company Profile

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.